Russian President Vladimir Putin called on oil-producing countries to cap production levels at a meeting later this month, saying “it was the right decision for world energy.” A similar initiative Continue Reading
Each oil producers’ fortune differs depending on fundamentals. Demand is still extraordinarily high. Inventory remains very high, especially in the U.S. U.S. shale oil and to a lesser extent Russia Continue Reading
Inventories rose 2.28 million barrels last week, EIA data show Saudi minister says nation won’t boost output and flood market Oil traded near the lowest close in almost three weeks Continue Reading
Crude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories. International Brent Continue Reading
Natural gas prices ticked up Wednesday, beginning to reverse two days of losses as a storm brewing in the Gulf of Mexico continued to strengthen. Natural gas for October delivery Continue Reading
Amid the chaos of Syria’s years-long civil war, the Kurds have carved out a semiautonomous region called Rojava that is home to about four million people, is as big as Continue Reading
Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices. Brent crude futures for Continue Reading
OPEC’s oil output is likely in August to reach its highest in recent history, a Reuters survey found on Wednesday, as extra barrels from Saudi Arabia and other Gulf members Continue Reading
Saudi Arabia’s minister of foreign affairs said on Thursday that it would be reasonable for the kingdom to go along with other producers in changes to oil production. Adel al-Jubeir, Continue Reading
Saudi Arabia’s intensifying standoff with Iran has inflamed anti-Shiite sentiment in the kingdom, resulting in displays of hostility toward the minority group that play into the hands of Islamic State’s Continue Reading
