Energy Shares Set for Worst Month Since 2015
The energy sector of the S&P 500 has given back nearly all the gains it made last year, when it rose 24% as oil prices rebounded from multiyear lows. Shares Continue Reading
Trump renews threat to scrap NAFTA going into next round of talks
U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were Continue Reading
Researchers Announce Nuclear Fusion Breakthrough
For years nuclear fusion was the stuff of sci-fi books and movies, but technology has brought it, like so many other things, closer to reality. So close, in fact, that Continue Reading
Euro surges to two-and-a-half-year high after Draghi comments, oil up after Harvey
The euro surged to its highest level since January 2015 against the dollar early on Monday, after European Central Bank President Mario Draghi failed to talk down the single currency’s Continue Reading
Harvey Grows to Major Hurricane Strength as Refineries Shut
Exxon, Anadarko, Shell among energy explorers cutting output It’s the first major hurricane to hit U.S. since 2005’s Wilma Hurricane Harvey will be the most powerful storm since 2008 to Continue Reading
When Can We Expect An Oil Price Breakout?
WTI traded in an unusually narrow $48.75/$47.03 range this week despite an extreme weather event in the world’s refining hub and geopolitical tensions in from MENA to DC. – In Continue Reading
Here’s why oil’s future is grim
What do auto manufacturers, utilities and oil companies have in common with Kodak, Blockbuster and Macy’s? Their business models are rapidly vanishing under the pressure of technology innovation and societal Continue Reading
Oil Prices Rise Amid Falling U.S. Rig Count
The number of active oil and gas rigs in the United States fell this week by 6 rigs. Combined, the total oil and gas rig count in the US now Continue Reading
British foreign minister visits oil-rich Libya
A NATO member with a legacy of energy-related interests, the British government said it was working to ensure Libya evolves as a safe and stable partner. British Foreign Minister Boris Continue Reading
Kuwait says oil shipments to China stable
Kuwait says that even though China is importing more oil, its exports to the world’s second-largest economy were stable. File Photo by tcly/Shutterstock Aug. 25 (UPI) — Though overall Chinese Continue Reading