Oil prices rallied above $32 a barrel on Friday as the prospect of new central-bank stimulus and an upcoming snowstorm in the U.S. boosted expectations for fuel demand. Diesel futures, Continue Reading
Oil prices rose 5 percent on Friday to scale the $30 mark breached last week, as cold U.S. and European weather as well as firmer financial markets gave traders reason Continue Reading
Oil prices won’t return to more normal levels for two or three years, and those expecting a speedy rebound from this month’s 12-year lows are being unrealistic, Bank of Montreal Continue Reading
The blizzard barreling toward the East Coast may be terrible news for travelers, but it is a rare bit of respite for beleaguered natural-gas producers. Expectations of freezing temperatures and Continue Reading
Rating agency Moody’s on Friday placed large parts of the global oil and gas sector on review for a downgrade, as a crash of more than 70 percent in oil Continue Reading
The prospect of further support from the world’s central banks helped lift some of the gloom in global markets this week, with oil prices pushing back above $32 a barrel Continue Reading
“No other industry begins to offer the data problems that are presented by petroleum,” wrote John Blair, a former U.S. government official exactly 40 years ago (“The Control of Oil”, Continue Reading
Iran’s oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up Continue Reading
Venezuela’s opposition refused on Friday to approve President Nicolas Maduro’s “economic emergency” decree in Congress, saying it offered no solutions for the OPEC nation’s increasingly disastrous recession. Underlining the grave Continue Reading
Farmers brought parts of Uruguay to a standstill this week demanding the government help them recover unpaid bills from Venezuela in the latest sign that the crisis-ravaged South American country Continue Reading
