Oil Heads for Biggest Weekly Gain in 2017 With Eyes on OPEC Deal
Speculation OPEC will extend its deal to curb output and ease a global glut is sending oil toward its biggest weekly increase this year. While futures in New York were Continue Reading
Oil dips as record U.S. crude stocks outweigh falling Libya output
Oil prices dipped on Thursday, ending two days of increases as record U.S. crude inventories outweighed a fall in gasoline stocks and disruptions in Libyan supplies. Prices for front-month Brent Continue Reading
IEA Says Oil Prices Will Not Jump Sharply, Despite OPEC Supply Cuts
The International Energy Agency (IEA) does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol Continue Reading
Natural Gas Prices Pare Losses After Data
Natural-gas prices fell Thursday as investors began to contemplate how much natural gas will be added to storage as spring begins. Futures for May delivery settled down 4 cents, or Continue Reading
Oil Gains After Data Showing U.S. Stockpile Growth Seen to Be Slowing
Oil prices picked up steam Thursday, building on gains after U.S. data made traders and investors hopeful that the country’s record-high crude stocks may soon start falling. U.S. crude futures Continue Reading
Oil Stays Above $49 as U.S. Fuel Demand Blunts Crude Supply Gain
Signs of growing U.S. fuel demand are propping up oil above $49 a barrel, with more refinery purchases seen helping ease a glut in American crude stockpiles. Futures in New Continue Reading
March exports dip as OPEC cuts continue
Top Oil Ministry officials say Iraq is fully complying with an agreement to cut production. A worker checks the valve gears of pipes linked to oil tanks at Turkey’s Mediterranean Continue Reading
World Oil Production
The BP Statistical Review of World Energy has oil production data by country up to the end of 2015. This is what that looks like from 1988: The United States Continue Reading
Report: Global renewable power capacity expanding
As European and Asian leaders take up the low-carbon mantel from the United States, a global report found 2016 was a record-setter for renewable energy. The International Renewable Energy Agency Continue Reading
Mysterious Outage In Libya Could Drive Oil Prices Higher
It’s been a rollercoaster ride for Libya’s oil sector the last few months . With production from this important OPEC player swinging wildly with unstable politics in the country. And Continue Reading