Russian consumers are more negative about their economic prospects than they have been for the last 11 years, according to new data. The Nielsen Consumer Confidence Trend Tracker, a data Continue Reading
More earnings reports are trickling in. Royal Dutch Shell is the last oil major to report first quarter earnings, and like its peers, the Anglo-Dutch company saw its profits tumble. Continue Reading
A huge wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time Continue Reading
Here are five things to consider regarding crude today: 1) Jumping straight into the data (like Han and Chewie into an intergalactic dog-fight), we have had a deluge of global Continue Reading
Oil prices fluctuated Wednesday ahead of key U.S. supply data as investors assessed the scale of the global supply glut. Oil prices have jumped by more than 60% since their Continue Reading
Oil prices were volatile after two days of losses as investors weighed potential production outages in Canada against data showing another increase in US crude stocks. Brent crude traded as Continue Reading
The 70 percent rise in crude oil prices from the lows of $27.1 per barrel to a high of above $46/b in a matter of three months is being driven Continue Reading
The largest energy companies in Europe bolstered first-quarter earnings by pumping several billion dollars’ worth of oil into storage tanks and holding it there, although the trading opportunity is starting Continue Reading
Iran sank a replica of a US aircraft carrier near the strait in February 2015 and has said it is testing ‘suicide drones’ that could attack ships. (File photo: Reuters) Continue Reading
The Khabbaz oil field in Kirkuk has shut down and at least two wellheads are burning, after saboteurs set off explosives late Tuesday night – the second attack in a Continue Reading
