Oil prices gained on Wednesday, shaking off the effects of a strengthening dollar, after an inventory report showed U.S. crude and gasoline stocks fell more than expected. Oil pumps are Continue Reading
Oil prices hit their highest level since November 2014 on Thursday, with Brent crude creeping closer to $80 per barrel as supplies tighten and tensions with Iran simmer. Brent crude Continue Reading
ICE July Brent crude futures rose above $80/b at 0948 GMT, trading as high as $80.18/b, on continued geopolitical tensions compounded by an unexpected drawdown in US stocks. “The US Continue Reading
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished , and more outages could push oil prices up even higher. Continue Reading
American shale drillers are still spending more money than they are making, even as oil prices rise. Of the top 20 U.S. oil companies that focus mostly on fracking, only Continue Reading
A decade ago, the news that the world’s top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off Continue Reading
Geopolitical issues are drawing the market focus away from more fundamental issues like supply and demand metrics, the International Energy Agency said. Brent crude oil prices are up more than Continue Reading
Emissions of one of the chemicals most responsible for the Antarctic ozone hole are on the rise, despite an international treaty that required an end to its production in 2010, Continue Reading
Ian Telfer, chairman of Goldcorp Inc., is the latest industry magnate to predict the world has reached “peak gold,” saying that from here on out, mine production will continue to Continue Reading
OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on Tuesday. Continue Reading
