Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on Continue Reading
Oil prices fell 7 percent on Tuesday as equity markets remained weak, forecasts called for record high U.S. crude stockpiles to grow more, and the latest global energy demand outlooks Continue Reading
Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. Continue Reading
Powerful oil industry insiders have moved to quash talk of stronger prices this year, warning that turmoil in emerging markets will delay any significant recovery until at least 2017 and Continue Reading
For most of its history, oil has flowed in one direction: from developing nations, where it is produced, to industrialized nations, where it is consumed. That pattern no longer holds Continue Reading
Crude-oil prices could fall even further as the world’s vast oversupply of petroleum is only getting worse with a surge in production from OPEC, according to some of the world’s Continue Reading
The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce Continue Reading
Crude oil prices spiralled lower during January, with brimming stockpiles pushing global benchmarks below $30/bbl. Markets edged higher in early February on suggestions of possible discussions to coordinate a global Continue Reading
A top Pentagon official said Tuesday it is extremely unlikely the U.S. military and its allies will attempt to wrest control of the major Iraqi city of Mosul from Islamic Continue Reading
The oil market is in a state of flux. Oil prices are close to a quarter of their level 18 months ago. Over the past two years, the supply of Continue Reading
