Crude oil prices notched a sixth-weekly win Friday despite a sluggish end to the week as major oil producers attempt to reach a consensus on plans to ease production curbs. On the New York Mercantile Exchange crude futures rose 7 cents to $75.16 a barrel, while on London’s Intercontinental Exchange, …
Read More »Iraq Expects Oil Prices to Reach $80/bbl
Iraqi expects oil prices to reach $80 per barrel, the country’s state news agency reported on Sunday, citing an oil ministry spokesman. The spokesperson, Asim Jihad, did not give a timeframe for the increase he predicted. Crude prices have been on the rise over the past weeks, settling over $70/barrel …
Read More »Oil Rises with Global Economic Data Pointing to Demand Rebound
Oil advanced as expectations for shrinking American crude and gasoline stockpiles added to signals that a demand recovery may be on the horizon in the U.S. and China. Futures edged 0.4% higher in New York on Tuesday, tracking a move higher in U.S. equities to fresh records. U.S. manufacturing expanded …
Read More »China Heralds Major Energy Reform with New National Pipeline Company
The new company will also provide further momentum to China'.s coal-to-gas policy.
Read More »Oil Prices Slip despite Signs of Trade Hope
The Organization of the Petroleum Exporting Countries will meet on Dec. 5 and is expected to extend output cuts to the end of 2020.
Read More »Oil Prices Gain. All Eyes on Sino-U.S. Trade Talks
There are mixed signals on what the outcome of this meeting would be.
Read More »Iran Warns Brazil over Stranded Ship Barred From Refueling
To resolve the stand-off. Iran is considering sending fuel to the stranded ships.
Read More »Oil Extends Gains as Iran`s Seizure of Tanker Keeps Tension High
Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.
Read More »Britain Is Turning Into a Hot Spot for Natural Gas Storage Sites
Islandmagee is one of several projects proposed for the U.K. and Ireland.
Read More »Oil Prices Gain amid Middle East Tensions
The outlook for oil demand growth in 2019 also put pressure on prices.
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