✕
NEWS ARCHIVE

Bearish correction hitting oil price

OIL prices plummeted to a three-month low in New York in trading overnight, as US stockpiles continue to increase, production rises globally, forcing futures trade to close below the psychologically important $US50 per barrel level, suggesting they may re-test March's six-year lows.

Haydn Black
Bearish correction hitting oil price

The Energy Information Administration data shows US stockpiles rose by 2.47 million barrels last week, in sharp contrast to a 2-2.2MMbbl drop expected by many forecasters based on previous experience....

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

MOST POPULAR

1
EXPLORATION

Vintage Energy avoids more investor scrutiny

2
POLICY

Cooper Energy preps next phase of legal action against Pertamina

3
POLICY

Woodside chair foreshadows his hearts and minds pitch to shareholders

4
OPERATIONS

High Court to rule on Chevron vs CKJV legal saga

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

Content
About
Solutions
Legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login