shale oil

Record U.S. Oil Exports Weigh On Oil Prices

EIA data about U.S. crude oil exports showed these had hit a record-high of 1.98 million bpd. This is the highest weekly average since exports were once again allowed, after a four-decade ban. Last week’s figure also beat the …

Oil rally fizzles on OPEC doubts

Crude oil prices come under pressure from doubts over whether or not there's an enduring appetite to voluntarily keep production levels lower