Page 5 - Rob Thummel News Today

But bearish sentiment continues to limit oil's upside.

The imbalance between oil supply and demand is likely to reverse going into the summer, says one analyst. "Currently, the global oil market is probably…

“U.S. oil-and-gas producers are less focused on capital spending than they have been in years,” said Mark Young, a senior analyst at Evaluate Energy.  The cash buildup owes itself to other factors as well. Many companies have paid off debt racked up duri

The oil majors are conserving cash to make sure they are ready for when the good times end, a strategy that makes all the more sense as costs climb.

Companies boost shareholder returns and keep funds for when the boom goes bust

OPEC+s surprise production cut has thrown oil price forecasts out of the window, leading touncertainty in the market amidst debates about the resilience of demand.

Crude oil prices rallied as much as 6 percent on Apr. 3, with both West Texas Intermediate (WTI) and Brent futures soaring above $80 per barrel.

Investors are flocking back to energy as oil prices dip. Two fund managers reveal their top stocks to take advantage of the sector's recent weakness.

EIA data reporting a sharp jump in US oil exports buttressed the case of the bulls and drove futures higher.

Many different factors are at play in the refining industry this year.