Yes, it’s Groundhog Day (again), and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he’s no good at forecasting (unlike the woolly worm), Continue Reading
A ceiling may be fast approaching for crude oil prices as U.S. supply pressures re-emerge in response to rising production, analysis find. The price for Brent crude oil, the global Continue Reading
OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal. The Organization of Petroleum Exporting Continue Reading
Egypt may announce new discoveries of natural gas by the second half of this year, Oil Minister Tarek El Molla said, bringing it closer to its goal of self-sufficiency by Continue Reading
Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil Continue Reading
Aramco Said to Seek Advisers for IPO An audit of state oil producer Saudi Aramco ’s crude reserves is showing “very reassuring” results ahead of what could be the world’s Continue Reading
OPEC and non-OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world’s biggest and Continue Reading
Saudi Arabia has raised the prices of all grades it will be shipping to Asia, the U.S., Northwest Europe and the Mediterranean countries, with prices for Asian buyers increased more Continue Reading
It may be up to the governments of U.S. states to take the lead in the effort to advance a low-carbon economy, the Natural Resources Defense Council said. A review Continue Reading
U.S. exporters are starting to put political weight behind a House Republican tax plan, touting the benefits of “border adjustment” to investors and forming a coalition to push the idea. Continue Reading
