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Russian consumer spending showed little sign of picking up in March as unemployment jumped to the highest in more than three years. The jobless rate rose for the first time Continue Reading
A supertanker is bringing millions of gallons of Asian-made diesel to Europe, threatening to strain the continent’s already brimming storage depots even further. The Alice, able to ship about 80 Continue Reading
An economist at a Russian development bank said Tuesday any deal among major oil producers last weekend would’ve been moot because markets are flush with oil. Ministers from some members Continue Reading
In 1956, Shell geologist M. King Hubbert correctly predicted that oil production in the United States would reach a peak around 1970. Since his Peak Oil theory fits so well Continue Reading
Oil prices are up Tuesday as the markets continue to grapple with the fallout of the Doha production-talks fiasco. At 0800 GMT, Global benchmark Brent was up 1.42% at $43.52 Continue Reading
Oil climbed after a four-day loss as a strike in Kuwait cut output from OPEC’s fourth-biggest member, countering the bearish impact of failed production-freeze talks in Doha. Futures rose as Continue Reading
I really don’t think it matters what happened at the OPEC + Russia meeting in Doha, Qatar on April 17. Agreements between those characters don’t have any enforcement provisions and Continue Reading
Kuwaiti oil sector employees sit in a shaded area on the first day of an official strike called by the Oil and Petrochemical Industries Workers Union over public sector pay Continue Reading
The Doha talks came and went yesterday. With little to show after Saudi Arabia largely refused to take action on oil output cuts without the cooperation of Iran. But even Continue Reading
