Oil futures fell more than half a dollar on Tuesday given worries rising Iranian output would deepen a global oversupply, offsetting expectations of a drop in U.S. production that had Continue Reading
Natural gas futures fell to a two-month low Tuesday as forecasts continued to call for moderate indoor-heating demand. Futures for March delivery settled down 3.9 cents, or 2.1%, to $1.782 Continue Reading
Most of the world’s biggest oil producers are raising output even as budgets shrink, showing that past investments are still boosting volumes amid the worst crude-market collapse in a generation. Continue Reading
Saudi Arabia delivered its starkest message yet to a reeling global oil industry, ruling out co-ordinated production cuts that could rescue the industry from low prices. Ali al-Naimi, Saudi Arabia’s Continue Reading
Saudi Arabia shot down rumors it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s Continue Reading
Saudi Arabia has ruled out a deal by major producers to cut oil output and warned high-cost operators such as US shale drillers to trim costs or go bust in Continue Reading
Saudi Oil Minister Ali Al-Naimi urged global energy executives to “stick together” through the worst industry slump in decades, saying he was confident that growing support for a deal to Continue Reading
Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze oil production “ridiculous” as it seeks to boost output after years of sanctions constrained sales. Crude prices Continue Reading
President Barack Obama’s top military and intelligence advisers don’t believe Russia will abide by a just-announced cease-fire in Syria and want to ready plans to increase pressure on Moscow by Continue Reading
In Libya, troops under Gen. Khalifa Hifter took control of Benghazi’s al-Laithi district as militants rapidly withdrew from the area, The New Arab reported Feb. 23. The militants’ withdrawal allowed Continue Reading
