As the world’s biggest oil producers show they’re willing to cap output to revive prices, there are increasing signs OPEC’s strategy of driving higher-cost suppliers out of the market by Continue Reading
China’s Ministry of Commerce (MOC) on Wednesday denied speculation of capital outflows from the country. “The fundamentals of Chinese economy and market remain sound, and there is no foundation for Continue Reading
Refinery cuts continued to push up US Midwest gasoline prices Tuesday, with the Chicago market climbing 13 cents/gal. Chicago CBOB was assessed at NYMEX March RBOB futures minus 8 cents/gal, Continue Reading
Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if Continue Reading
U.S. retail gasoline prices continue to fall, though with oil production cuts on the table, consumer may be enjoying the last of the savings, analysts said. Motor club AAA reports Continue Reading
The governor of Oklahoma, which is facing a budget gap in part because of low oil prices, said she was looking to tourism as a possible financial life line. “Oklahoma Continue Reading
Norwegian energy company Statoil announced the launch of a new $200 million investment fund to help drive a strong renewable energy growth strategy. “The transition to a low carbon society Continue Reading
British energy explorer U.K. Oil & Gas Investments Plc gained the most in 10 months after reporting that oil flowed “naturally” to the surface from 900 meters (2,953 feet) below Continue Reading
A European energy strategy aims to counter geopolitical threats to supplies while at the same time considering global climate initiatives, a commissioner said. The European Commission presented an energy security Continue Reading
About 1.2 million mt of oil products have loaded in the US Gulf Coast for February discharge in Europe, according to an estimate based on data from cFlow, Platts trade Continue Reading
