A large gas discovery in the Dutch North Sea could be even bigger after an exploration drill beat expectations, one of the companies involved said, a shot in the arm Continue Reading
The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels for Continue Reading
Oil prices rose on Wednesday, with the Brent benchmark hovering near a 26-month high hit in the previous session, after U.S. oil inventories unexpectedly declined as refiners raised output and Continue Reading
Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market. Brent crude, the global benchmark, was down 0.62%, at $58.07 Continue Reading
Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected, putting the global market firmly on Continue Reading
Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the Continue Reading
China and India will account for much of the growth in energy consumption for the next few decades, but the EIA says that energy consumption will also rise sharply in Continue Reading
One of the world’s biggest commodities traders says the “lower for longer” era of low oil prices is nearing an end, as Brent crude approaches a more than two-year high Continue Reading
Summary Demand for oil has increased every single year since the 2008 recession. In spite of EV sales, the global non-EV fleet keeps increasing. Rapid, or even rabid, growth will Continue Reading
Saudi King Salman on Tuesday ordered that women be allowed to drive cars, state media said, ending the conservative Islamic kingdom’s status as the only country where that is forbidden. Continue Reading
