oil futures

Low oil prices are here to stay, says BP

One of the world’s biggest oil companies BP announced on Tuesday a second-quarter replacement cost loss of $6.3 billion. Oil prices have fallen significantly in the past year, and on Monday crude oil futures hit a four-month low, proving that the rout is far from over.

“In the past […]

By |July 28th, 2015|Categories: Video|Tags: , |

EIA weekly oil inventory report – June 3, 2015

EIA just released its weekly oil inventory report for the week ending on May 29, 2015.  You can review the full weekly report here. Oil prices took a tumble today on concerns that the global crude market continues to be oversupplied. U.S. data released Wednesday showed domestic oil production at a new weekly […]

By |June 3rd, 2015|Categories: Heating Oil News|Tags: , |