From Peak Oil to Peak Oil Demand in Just Nine Years
Peak demand for oil is the big new thing . True, the International Energy Agency, in the annual World Energy Outlook it released earlier this month, didn’t envision a peak Continue Reading
NYMEX December gas contract settles at $3.232/MMBtu, up 14.7 cents
The NYMEX December natural gas futures contract, in its final day of trading Monday, jumped 14.7 cents to settle at $3.232/MMBtu as increasingly supportive weather forecasts bolstered the market. The Continue Reading
Oil Retreats as OPEC Split Imperils Deal With Deadline Looming
Oil retreated below $47 in New York after OPEC officials failed Monday to work out a compromise on a deal to cut production and boost crude prices. Futures lost as Continue Reading
Goldman Sees OPEC Meeting Down to the Wire With 30% Odds of Deal
The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc. Global Continue Reading
Oil Prices Climb Ahead of Key OPEC Meeting
With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied Monday as traders bet that major oil producers can still reach an Continue Reading
OPEC makes last-ditch bid to save oil deal as tensions grow
OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying Continue Reading
OPEC Said to Remain Split as Saudis Say Cut Isn’t Essential
OPEC officials failed on Monday to bridge their differences on an agreement to cut production and revive oil prices, following comments from Saudi Arabia that output curbs aren’t essential. With Continue Reading
OPEC’s Last Cut Shows Oil Market Could Get a Whole Lot Messier
No compatible source was found for this media. Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then Continue Reading
How Iran, Russia Could Derail Oil-Production Deal
OPEC agreed in September to trim production to reduce a global oversupply of oil but… VIENNA—Iran and Russia have emerged as potentially deal-breaking obstacles to cuts in global oil production Continue Reading
Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal Continue Reading