14 Dec COLUMN-Hedge funds add to record bearish positions in oil: Kemp

Posted at 14:54h in Global Energy Industry News

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LONDON, Dec 14 (Reuters) - Rather than taking profits, hedge funds continued to add to their record bearish positions after the Organization of the Petroleum Exporting Countries (OPEC) failed to reach agreement on a production target at the start of the month. Read full story...

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04 Dec U.S. crude climbs on weaker dollar ahead of OPEC meeting

Posted at 10:42h in Global Energy Industry News

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SINGAPORE, Dec 4 (Reuters) - U.S. crude oil prices extended gains on Friday, buoyed by a weaker dollar, ahead a closely watched OPEC meeting that is unlikely to alter the group's policy of maintaining high output. Read full story › Source:: Reuters UK Natural Resources       ...

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04 Dec Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

Posted at 10:40h in Global Energy Industry News

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By hellenicshippingnews Commercial crude oil inventories in Cushing, Oklahoma (located in Petroleum Administration for Defense District 2) and the U.S. Gulf Coast (PADD 3) totaled a record-high 309.4 million barrels as of the week ending November 27. Based on the recently released storage capacity and...

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01 Dec Oil States Need Price Jump to Balance Budget: OPEC Reality Check

Posted at 16:47h in Global Energy Industry News

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By hellenicshippingnews If the Organization of Petroleum Exporting Countries keeps its policy of favoring market share over prices when it meets Dec. 4, most members will probably find themselves unable to balance their budgets. Oil futures have tumbled more than 25 percent since OPEC's last...

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