The world has even bigger water problems than we thought
Alarming new research has found that 4 billion people around the globe — including close to 2 billion in India and China — live in conditions of extreme water scarcity Continue Reading
Oil Rebounds From 12-Year Low
Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery Continue Reading
Oil Rebounds From Lowest Close in 12 Years to Pare Weekly Loss
Oil rebounded from the lowest level in more than 12 years, paring its biggest weekly loss in a month as the rout in equities eased and OPEC reiterated its willingness Continue Reading
Oil prices jump but weekly losses and physical excess loom
Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Still, analysts said such a Continue Reading
More Cuts Loom as Oil Nears $25
As crude prices slide toward $25 a barrel, many oil companies have little choice but to start making the steep cost cuts they have avoided up until now, jettisoning every Continue Reading
Nymex Crude Slips Below $27 a Barrel
Oil futures prices on the New York Mercantile Exchange Thursday fell below $27 per barrel as the market largely ignored a drawdown in U.S. crude oil stockpiles amid a wider Continue Reading
U.S. oil tumbles close to 12-year lows amid brimming stockpiles
U.S. oil prices fell for a six straight day on Thursday, approaching 12-year lows hit last month, weighed by brimming crude inventories and a Goldman Sachs forecast that prices would Continue Reading
Natural Gas Falls After Far-Smaller-Than-Expected Draw from Stockpiles
Natural gas prices plunged from gains to losses Thursday, going below $2 after new federal data showed stockpiles shrank much less than expected last week. The U.S. Energy Information Administration Continue Reading
Oil Glut: What Storage Signals Mean for Prices
There is only a one-letter difference between Cushing and crushing. The latter is what the storage depots at the small Oklahoma town are doing to the global oil market this Continue Reading
Oil slides on storage capacity strains
Oil prices fell on Thursday as a growing glut of crude starts to strain storage options for traders, with supply from Opec and other producers still outstripping demand. The US Continue Reading