Oil Set for 3rd Weekly Gain as Producers Plan to Meet on Freeze
Oil headed for the longest run of weekly gains since May as Nigeria said key members of OPEC intend to meet with other producers in Russia this month to renew Continue Reading
Oil Market Storm Clears as Prices Stabilize on Output Deal
Oil is pulling away from the market’s biggest storm in seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy Continue Reading
Crude prices climb after U.S. oil output falls for 6th week
Crude futures rose in Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official U.S. data showed oil production fell to its lowest level since Continue Reading
Oil Prices Decline on Increased U.S. Crude Stockpiles
Oil prices fell on Thursday after weekly U.S. data showed a big increase in crude stockpiles, underscoring the continuing oversupply of oil. Prices initially rose after the report was released Continue Reading
Oil prices dip as record U.S. crude stocks damp bullish sentiment
Oil prices reversed earlier gains on Thursday as swelling U.S. crude inventories outweighed growing sentiment that a 20-month-long market rout is coming to an end. Brent futures rose to $37.17 Continue Reading
Natural Gas Prices Prolong Slump on Weak Demand Expectations
Natural gas prices extended their slide Thursday after weekly U.S. data showed demand slumped last week, reinforcing the bleak outlook for gas-fired heating demand in the waning days of a Continue Reading
Oil won’t be balanced until 2017
Dallas Federal Reserve President Robert Kaplan on Thursday called on the Fed to be patient when it comes to raising interest rates, citing the effect of tighter financial conditions on Continue Reading
Nigeria Says OPEC to Meet Non-Members in Russia on March 20
Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Continue Reading
Nigeria says producers to meet in Moscow, sees dramatic impact
The Organization of the Petroleum Exporting Countries (OPEC) logo is pictured at its headquarters in Vienna June 10, 2014. Some members of OPEC plan to meet other oil producers in Continue Reading
Judging the Saudi-Russia Oil Freeze Comes Down to Binoculars
50-year-old tanker-tracking system key to measuring results Judging the supply of the world’s most important commodity often comes down to a good set of binoculars. In a world of Twitter, Continue Reading