Oil Prices Keep Climbing Despite Stronger Dollar
Oil prices rose in volatile trading Tuesday, shrugging off a strong dollar and weak equity markets . U.S. crude futures rose 35 cents, or 0.5%, to $71.31 a barrel on Continue Reading
Oil Prices Flat After API Reports Surprise Crude Build
As the price of Brent Crude hit multi-year highs earlier today, the American Petroleum Institute (API) reported a surprise build of 4.854 million barrels of United States crude oil inventories Continue Reading
Brent Crude Hits New High On Soaring Demand
Brent crude hit a new high of over US$79 a barrel on data about higher demand in key markets such as China and OPEC’s bullish Monthly Oil Market Report, in Continue Reading
Oil Inches Closer To $80
The U.S. exported 905,000 bpd of propane in 2017, about half of which went to Asia to be used in petrochemical production. – Surging demand in Asia for propane has Continue Reading
Global surge in air-conditioning set to stoke electricity demand
The spread of air-conditioning in hot countries is set to create a huge increase in demand for electricity, threatening efforts to curb greenhouse gas emissions, according to the International Energy Continue Reading
IEA warns global oil demand may suffer as crude nears $80
Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel Continue Reading
Global Oil Stocks Fall to Three-Year Low, IEA Says
Commercial oil stocks in industrialized economies have fallen to their lowest level in three years, the International Energy Agency said Wednesday, in the latest sign that the global supply glut Continue Reading
Industry casts doubt over future of long-term LNG supply contracts
The expected growth in the global LNG market in the coming years will mean buyers can do without long-term contracts, leading industry players said late Tuesday at the Flame conference Continue Reading
With few options, Iran and Europe try to save nuclear deal
Europe sought on Tuesday to find a way to save the Iran nuclear deal without the United States but was short on details about how the accord could survive the Continue Reading
Oil supported by Iran sanction fears, holds near 2014 highs
Oil prices ended a shade firmer after retreating from multi-year highs hit early in the day on Tuesday, supported by concerns that U.S. sanctions on Iran are likely to restrict Continue Reading