Oil Market Wraps Up Incredible Quarter

This article came to our attention first via Roseland Oil & Gas

by Bloomberg | Hailey Waller & Andrew Marquardtclick here to read the original article at Rigzone.com (Bloomberg) — Oil posted its best quarter in nearly 30 years, bouncing back from this year’s historic price crash. The market’s climb from negative territory in April has be...

Read More - Source: Roseland Oil & Gas

Oil Down After US Housing Data Boost

This article came to our attention first via Roseland Oil & Gas

by Bloomberg | Elizabeth Low and James Thornhillclick here to read the original article at Rigzone.com (Bloomberg) — Oil edged lower in Asia after jumping the most in almost two weeks on Monday as better-than-expected U.S. housing data countered fears that a surge in virus cases would ham...

Read More - Source: Roseland Oil & Gas

Two leading oil price reporting agencies launch new U.S. crude benchmarks to rival WTI

This article came to our attention first via Roseland Oil & Gas

by Sam Meredithclick here to read the original article at CNBC.com Two leading oil price reporting agencies separately launched new U.S. crude benchmarks on Friday, as part of an effort to rival the U.S. West Texas Intermediate futures contract. The move from S&P Global Platts and Argus Media co...

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Saudi Arabia Eyes Total Dominance In Oil And Gas

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not only be the last producer, but Saudi Arabia will produce every molecule of hydrocarbon and it will put it to good use … It will be done in the most ...

Source: Oilprice.com