Oil Rout Threatens Vicious Cycle for Economy
With oil hovering at $30 a barrel and gasoline below $2 a gallon, the pleasure of lower fuel prices is turning painful for more of the U.S. economy. The problem Continue Reading
Russia’s fuel oil exports down amid higher home demand
Russia exported less fuel oil in January as domestic utilities snapped up fuel oil cargoes, which were cheaper than natural gas, industry sources told Reuters. Russia’s fuel oil exports dropped Continue Reading
EU still net energy importer
Members of the European Union imported more than half of their energy in 2014, data from the region’s statistics office showed. Eurostat, the statistics office of the European Union, said Continue Reading
Oil Prices Rise 8% on Weak Dollar, Despite Daunting Supply Data
NEW YORK—Oil prices soared on Wednesday, as traders looked past record-high U.S. crude inventories and focused on the sliding dollar. Light, sweet crude for March delivery settled up $2.40, or Continue Reading
Oil bears closing of $600 million triple-short fund bet seen adding to tumult
This week’s roller-coaster ride in the global crude oil market was likely fueled in part by the sudden liquidation of a $600 million leveraged fund bet on falling prices, market Continue Reading
Global oil demand growth is slowing going into 2016
The United States was one of the biggest sources of oil demand growth in 2015 but the outlook for 2016 is much more muted, according to official forecasters. The U.S. Continue Reading
Why an Oil Price Rally Is So Slippery
How do you say “fade the rally” in Russian? Last week, and to a lesser extent Wednesday morning, oil prices jumped on reports from Russia about that country’s willingness to Continue Reading
Natural Gas Rises Ahead of Inventory Data
Natural-gas prices rose Wednesday ahead of weekly inventory data expected to show that stockpiles of the fuel fell last week by near-average levels for this time of year. Natural gas Continue Reading
Global gas market braced for price war
Could Gazprom be about to start a price war in the global gas market? With the prospect of a wave of US liquefied natural gas (LNG) supplies starting to hit Continue Reading
No peak oil demand until 2040
A peak in global oil demand is unlikely to occur before 2040 in a sub-$70 oil world, according to a research report from Bank of America Merrill Lynch (BoAML). Over Continue Reading