Here’s Who’s Buying Up U.S. Oil
U.S. crude oil is reaching all corners of the world, after a 40-year ban on exports was lifted at the end of last year. More than 87 million barrels of Continue Reading
Oil Stocks Unfazed by Commodity’s Plunge Seen Increasingly Risky
More downside than upside to holding energy shares: TriVest FirstEnergy Capital sees company valuations as ‘pretty full’ Energy investors appear to be getting ahead of themselves, judging by the premium Continue Reading
Flooding in the South Looks a Lot Like Climate Change
Climate change is never going to announce itself by name. But this is what we should expect it to look like. That’s what many scientists, analysts and activists are saying Continue Reading
Russia Shelves $5 Billion Deal of Decade as Asset Sales Hit Snag
Prime minister chose to delay Bashneft sale, spokeswoman says Weak market, other asset sales were among reasons, RBC reports Russia is delaying what would have been its biggest asset sale Continue Reading
Oil Halts Rise Near $45 After Biggest Three-Day Gain Since April
Nigeria signals OPEC production cuts are unlikely: Kachikwu U.S. crude stockpiles seen rising by 900,000 barrels: survey Oil halted below $46 a barrel after the biggest three-day gain since April. Continue Reading
Oil remains near five-week high on expectation of producer action
Oil prices remained near five-week highs on Tuesday, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the Continue Reading
Oil Prices at One-Month High on Potential OPEC Action
Crude hit a one-month high Monday on hopes that the prolonged oil-price rout may drive major producers to reconsider a collective production cap. Brent crude, the global oil benchmark, rose Continue Reading
Hedge funds add bullish positions in oil as short-covering rally starts: Kemp
Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange in New York July 18, 2011. Hedge funds increased their Continue Reading
Russia hesitantly on board with OPEC price efforts
The Kremlin is on board with efforts made by OPEC to stabilize market prices, but such efforts should be temporary, the Russian energy minister said. Referencing an interview in the Continue Reading
OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC Continue Reading