The ruble dropped most among emerging-market currencies as tumbling oil prices exacerbated a selloff in riskier assets hit by China’s decision to let the yuan slip to a five-year low. Continue Reading
The European oil-field services sector’s market value has roughly halved over the past two years, pummeled by the tumbling oil price and sharp cut-backs to investment by oil and gas Continue Reading
Oil prices fell to an 11-year low on Wednesday under pressure from a strong dollar and weak economic data from China, the world’s second-biggest crude consumer. Investors were also positioning Continue Reading
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran was seen extinguishing any chance of Continue Reading
Energy insiders prepare for the worst, and hope for the best as they consider what could be in store for the industry in 2016 after a dismal year for commodities Continue Reading
Oil prices fell to two-week lows after a round of bearish economic data out of the U.S. and China raised questions about demand for crude in an oversupplied market. Light, Continue Reading
Crude oil prices reversed earlier gains on Tuesday, as gloomy Chinese data dragged on sentiment in a market already weighed down by persistently high production levels. Oil futures initially rose, Continue Reading
The amount of crude oil held at the main U.S. storage hub in Cushing, Okla., set a record to start off 2016, market analysis from Genscape finds. By more than Continue Reading
Since 1918 and the full flowering of the automobile age, the average U.S. domestic price of gasoline has rarely fallen below $2 or risen above $4 as measured in 2015 Continue Reading
Two massive and permanent shifts in energy took place in 2015. The first was the beginning of the end of the oil age as Saudi Arabia’s led OPEC on a Continue Reading
