Oil Rally Runs Out of Steam as Canadian Wildfire Threat Fades
Here comes Canadian oil to douse the hottest rally since 2009. Money managers reduced bets on rising oil prices by the most in 11 months as Canadian output continued to Continue Reading
Naira Seen Tumbling in Face of Dollar Demand as Nigeria Ends Peg
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely on Monday, said Continue Reading
Petrobras CEO Pledges a Revival
The new chief executive of Petróleo Brasileiro SA PBR 6.43 % has vowed to return Brazil’s troubled state oil company to “greatness,” by shedding assets—and outdated ideologies—that no longer serve Continue Reading
Venezuelans Ransack Stores as Hunger Grips the Nation
With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery Continue Reading
Cheap Oil Prompts ONGC’s Biggest Crude Exploration Binge
Explorer to begin largest-ever development drilling program Oil and Natural Gas Corp., India’s biggest explorer, is preparing to spend on its biggest ever crude binge as sub-$50 oil halves the Continue Reading
Japan Steps on Gas in Bid to Reshape LNG Market
Japan, the world’s largest importer of natural gas, is testing its clout while trying to rewrite the rules of a saturated market. Japanese buyers are chafing at the premiums they Continue Reading
With oil price near $50, resilient U.S. shale producers eye new chapter
The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. on May 16, 2016. Two years into the worst oil price rout Continue Reading
U.S. Oil Rig Increase Shows Producers Are Drilling Again: Chart
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less Continue Reading
U.S. Gasoline Demand Is Likely to Slide
Tesla introduced its Model 3 sedan in Hawthorne, Calif., in March. The Model 3 is… Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two Continue Reading
As Wind Power Lifts Wyoming’s Fortunes, Coal Miners Are Left in the Dust
After Kullin Orcutt lost his job at the Peabody coal mine this spring, he knew what he needed to do: join the exodus. “Leave Gillette, leave the state,” he said. Continue Reading