European energy leaders in Budapest signed off on grants to help bolster energy diversity schemes they said Friday were already having tangible results. European Commission Vice President Maros Sefcovic and Continue Reading
A “very significant” reservoir of oil was uncovered during a pilot program in British waters west of the Shetland Islands, a British-based company said Friday. “A very significant hydrocarbon column Continue Reading
EIA data Imports cut as Tropical Storm Hermine entered Gulf of Mexico Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a Continue Reading
Government data confirmed a surprisingly huge drawdown in U.S. crude inventories. London Brent crude for November delivery LCOc1 was down 36 cents at $49.63 a barrel by 0023 GMT. It Continue Reading
Oil prices rose Thursday as markets braced for potentially hectic trading after an extremely bullish U.S. inventory forecast from industry body the American Petroleum Institute late Wednesday. The November contract Continue Reading
Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude Continue Reading
U.S. crude stocks slumped more than 14 million barrels last week in the biggest weekly drawdown since 1999 as imports to the Gulf Coast hit a record low, which analysts Continue Reading
Natural gas prices posted their biggest daily increase since late July after government data showed a smaller than expected increase in the amount of natural gas in storage Thursday. Natural Continue Reading
As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today: 1) Continue Reading
One hundred years of natural gas? Not at these prices. U.S. gas production is declining and shale gas output is down almost 2.5 Bcf per day. Production is decreasing while Continue Reading
