Russia expects economic growth in a year
The Central Bank of Russia in Moscow. Economic officials at the Kremlin said growth won’t return to Russia at least for another year, though the downturn is becoming less severe. Continue Reading
French refineries, ports continue to face disruptions, strike spreads
French refineries and ports continued to face disruptions Wednesday as the strike called by the CGT union against changes in labor legislation entered its second week and is also spreading Continue Reading
European team devises new strategy for rare-earth-free magnets
European researchers have devised a new way to make nanoparticles that could replace rare-earth material use in magnets. The researchers used a mixed iron-cobalt oleate complex in a one-step synthetic Continue Reading
Oil Set for Longest Losing Streak in 6 Weeks Before OPEC Meeting
Oil slipped a fourth day, heading for the longest run of declines in six weeks, as OPEC ministers gather in Vienna ahead of a meeting on Thursday to discuss production Continue Reading
Oil prices fall on rising output, China demand concerns
Oil prices fell on Wednesday on expectations of high and rising exports from the Middle East, while concerns about China’s economy weighed on the demand outlook. Brent crude futures were Continue Reading
Gas Prices To Remain Low This Summer
It’s easy for U.S. drivers to forget the high gas prices in recent years after the ultra-lows seen only months ago, but prices going into the summer months of 2016 Continue Reading
Driving Season Could Jolt Oil To $60
We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that, despite Canada bringing oil back on Continue Reading
Oil Price Forecasts Get More Bullish as Oversupply Concerns Ease
Analysts are once again raising their oil price forecasts, in a reflection of falling concerns over the glut in crude supply. That takes pressure off members of the Organization of Continue Reading
Oil Retreats at $50 Again
Oil prices touched $50 and quickly faded, repeating a pattern from last week amid warnings from analysts that oil’s strongest rally in seven years may have gone too far on Continue Reading
Global glut to temper oil price gains this year: Reuters poll
Global oversupply in crude oil is likely to limit price gains this year despite a series of unplanned outages and shrinking U.S. shale production, a Reuters poll showed on Tuesday. Continue Reading