President Trump’s vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Domestic oil Continue Reading
Oil fell in New York after the biggest drop in more than two weeks, on estimates that crude stockpiles continued to pile up in the U.S. Futures slipped 0.5 percent Continue Reading
Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga’s mic, ushered lower by a stronger dollar and ongoing expectations Continue Reading
Oil traded near $54 a barrel as increased tension between Iran and the U.S. countered expectations of rising American production. Futures rose 0.3 percent in New York, extending a third Continue Reading
Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source Continue Reading
Much of this week’s resource news was driven by politics. The biggest development being the Philippines’ mine ban, with protectionist moves in U.S. oil and gas also having critical implications Continue Reading
The 10 OPEC members obligated to reduce oil output under the landmark agreement signed late last year achieved 91% of their required cuts in January , with their production falling Continue Reading
The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over. BP said on Tuesday Continue Reading
President.ir/Handout via Iran said on Monday a recent missile trial launch was not intended to send a message to new U.S. President Donald Trump and to test him, since after Continue Reading
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said Continue Reading
