The U.S. Border Tax Would Hit Texas Hard
The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not, as the simplified theory of Continue Reading
Russia reacts to steep drop in oil prices
The dramatic drop in crude oil prices is in large part because of “aggressive” output in the United States, but OPEC still factors in, a Russian minister said. Crude oil Continue Reading
Eon to cut 1,300 jobs and sell assets in bid to cut debt by €7bn
Eon, the German utility, recorded a net loss of €16bn for 2016 — the largest in his history — and unveiled ambitious measures to reduce debt by €7bn through asset sales and Continue Reading
Oil hovers near three-month lows as investors await data
Crude oil prices hovered near three-month lows on Tuesday in early Asian trading as investors await key reports and data that may shed light on a supply overhang in the Continue Reading
Oil prices drop as hedge funds head for the exit
Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. The critical question is Continue Reading
Oil Executives Are Confident That the Future Is Bright
Oil prices are down nearly 10 percent over the past month, leading some to wonder if we’re set for a resumption of the plunge seen between 2014 and early 2016. Continue Reading
Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts
Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that Continue Reading
Oil Bulls Exit Before Market Dive on Swollen U.S. Stockpiles
Oil’s fall from grace last week started with hedge funds, and it may only get worse from here. Investors cut bullish wagers on West Texas Intermediate crude to a one Continue Reading
New oil price slump beckons, says Harvard’s Maugeri
Leonardo Maugeri of Harvard University, who in 2012 predicted a glut in oil supplies and a steep fall in prices, has warned that there is again a prospect that the Continue Reading
OPEC’s Best Signal of Success No Longer Looks So Promising
When OPEC announced production cuts last year, the most reliable indicator of oil-market supply started signaling a shortage ahead. Now it’s pointing the other way. In the weeks after OPEC’s Continue Reading