Oil prices set for weekly gains as demand outlook brightens
Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United Continue Reading
WTI Breaks $50 As Bullish Sentiment Builds
Buoyed by strong global oil demand growth and reduced OPEC supply, U.S. benchmark WTI jumped above the psychologically important US$50 threshold on Thursday, topping that level for the first time Continue Reading
Oil jumps to five-month high on forecasts that glut will recede
Oil prices rose on Thursday, with Brent briefly touching a five-month high, a day after the International Energy Agency (IEA) forecast the market would continue to tighten as fuel demand Continue Reading
U.S. oil hits $50/barrel, sterling jumps; Dow at new high
Rising demand pushed U.S. crude above $50 a barrel on Thursday, while sterling jumped after the Bank of England said it was likely to raise interest rates for the first Continue Reading
Global use of liquid fuels to grow by nearly a fifth by 2040: EIA
Global use of petroleum and other liquid fuels will grow by nearly a fifth by 2040, driven by the transportation and industrial sectors, the U.S. government said on Thursday. Consumption Continue Reading
EIA: Coal Is Dying As Renewables Rise
According to the Energy Information Administration’s (EIA) new International Energy Outlook for this year, Asian countries that are not in the Organization for Economic Cooperation and Development (OECD), which includes Continue Reading
IEA Sees Strongest Global Oil-Demand Growth in Two Years
Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S. The IEA, which advises most Continue Reading
Why Aramco Delayed Its IPO
International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Continue Reading
Saudis Prepare for Possible Aramco IPO Delay to 2019
Government still aims for 2018, but timetable is getting tight Decision on where to list overseas may come in late October Saudi Arabia is preparing contingency plans for a possible Continue Reading
Islamic State Claims It Carried Out Deadly Attack in Southern Iraq
Iraqi security forces inspect the site of a bomb attack at a police checkpoint on a highway near the southern Iraqi city of Nassiriya on Sept. 14. BAGHDAD—Islamic State gunmen Continue Reading