The creation of the consumer economy—a complex, interconnected system of institutions, goals, rewards, and punishments—was one of the great social projects of the twentieth century, when energy was cheaply abundant Continue Reading
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic Continue Reading
Oil markets rose on Friday, recovering some ground after a smaller-than-expected draw in U.S. crude inventories triggered a selloff the previous session, sending prices to two-month lows . According to Continue Reading
U.S output fell 2.3%, stockpiles slide 7th week, EIA reports Stockpile decline was less than forecast, API report Oil trimmed its biggest weekly decline in five months as investors weighed Continue Reading
Crude-oil prices turned negative Thursday after U.S. data showed a smaller-than-expected decline in crude inventories last week. U.S. oil for August delivery recently fell 94 cents, or 2%, to $46.49 Continue Reading
Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut Continue Reading
Oil price volatility jumped to its highest level in more than four months on Thursday as U.S. crude plunged 5 percent, after data from the U.S. government showed inventories fell Continue Reading
Investments in the energy sector, including investments in a low-carbon future, are down because of lower oil prices, the International Energy Agency said. The price for Brent crude oil, the Continue Reading
In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one is sure where oil is heading, Continue Reading
Iraqi-focused oil company Genel Energy said it lowered its outlook for production from one of its key assets in the Kurdish north of the country. Genel, which lists headquarters in Continue Reading
