Oil Prices Crash As Libya Resumes Production
Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on Continue Reading
ICE September Brent settles $5.46 lower at $73.40/b on US, China trade war worries
Crude futures tumbled Wednesday, with concerns of an escalated trade war between the US and China outweighing a 12.6 million-barrel draw in US crude inventories. Receive daily email alerts, subscriber Continue Reading
The Downside Risk For Oil
Oil prices have spiked more than 13 percent in the past ten days, with WTI touching $75 at one point, the highest since the 2014 price crash. The factors that Continue Reading
I’m worried oil could go above $100 by 2020, says CEO of oilfield service giant Core Laboratories
The long-term climb in oil prices is concerning even top oil-service executives. With U.S. West Texas Intermediate crude at $74.11 a barrel and global supply shortages showing no signs of Continue Reading
The oil market’s shock absorbers are nearly gone
The world was awash in crude oil just two years ago. Now there’s barely enough to meet the unquenchable thirst for energy. Faced with rapidly rising prices and sanctions on Continue Reading
Nights Are Warming Faster Than Days. Here’s Why That’s Dangerous.
July kicked off with searingly hot temperatures for most Americans this year. New daily, monthly and all-time record highs were set across the country last week, with more than 100 Continue Reading
Scientists may have solved a huge riddle in Earth’s climate past. It doesn’t bode well for the future.
In 2013, a team of researchers set sail to the eastern Beaufort Sea in search of evidence for the flood near where the Mackenzie River enters the Arctic Ocean, forming Continue Reading
OPEC: Oil Demand Growth To Slow In 2019
Global oil demand growth is expected to moderate next year as the world economy is expected to grow slightly less than this year, OPEC said on Wednesday in its projections Continue Reading
World’s oil cushion could be stretched to the limit, IEA warns
The world’s oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency said on Thursday. The expected Continue Reading
IEA warns spare oil capacity to be ‘stretched to limit’
The International Energy Agency warned on Thursday that spare oil production capacity risks being “stretched to the limit” as supply disruptions and US sanctions against Iran tighten the market. The Continue Reading