Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent global oversupply and a bleak demand Continue Reading
Oil prices plunged to levels not seen in more than a decade on Thursday, hammered by the continuing turmoil in China , the world’s second biggest oil consumer. China’s stock Continue Reading
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China’s stock trading left Asian markets in a turmoil, while Continue Reading
Natural-gas futures soared Thursday after weekly inventory data showed that stockpiles fell more than expected last week. Natural-gas inventories shrank by 117 billion cubic feet in the week ended Jan. Continue Reading
NYMEX February natural gas futures settled 11.5 cents higher at $2.382/MMBtu Thursday following the report of a larger-than-expected storage withdrawal. US natural gas in storage dropped 113 Bcf to 3.643 Continue Reading
A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. When U.S. investment bank Goldman Sachs said last year that oil could fall Continue Reading
Once a minority view, oil below $30 a barrel is increasingly being touted as the new home for a crude price being battered by troubles in China. Concerns over the Continue Reading
Financing for US independent oil companies slowed sharply last year, in a sign of growing financial pressure following the plunge in crude and natural gas prices. US exploration and production Continue Reading
The 10.6 million barrel jump in U.S. gasoline stocks last week, reported by the Energy Information Administration on Wednesday, sent gasoline futures tumbling 4 percent and intensified the selloff in Continue Reading
Legislation that could undermine the international nuclear deal with Iran clears a U.S. congressional panel, setting up a potential showdown over one of President Barack Obama’s signature foreign policy initiatives. Continue Reading
