U.S. drillers add oil rigs for first week in three: Baker Hughes
U.S. energy companies this week added oil rigs for the first time in three weeks but the rate of growth has slowed over the past month or so with a Continue Reading
U.S. Oil Rig Count Inches Higher As WTI Pops
Baker Hughes reported an increase in the number of active oil rigs in the United States today. The overall rig count increased by 5 rigs , according to the report, Continue Reading
NYMEX August gas futures nudge higher after larger-than-expected storage build
The NYMEX August natural gas futures contract increased Friday, up 2.10 cents to settle at $2.837/MMBtu after the US Energy Information Administration announced a larger-than-expected storage build for the week Continue Reading
GM boosting production of Chevrolet Bolt EV more than 20% for Q4 compared to three-quarter average; 1% of US 1H vehicle deliveries
US and global demand for the Chevrolet Bolt EV has been very strong in 2018, with global sales estimated to be up more than 35% year over year in the Continue Reading
Europe looking for climate strategies to 2050
The European commissioner for climate action said Friday it’s time to start looking beyond the horizon outlined in the Paris climate agreement. “The clean energy transition will be key, and Continue Reading
No time to relax on the economy, Russia says
Two weeks after helping secure a new arrangement with OPEC, Russian President Putin said the economy was stable, but exposed to external risks. Russia is party to a committee monitoring Continue Reading
Goldman: Trade War Won’t Derail Oil Prices
U.S. tariffs are set to take effect on China on Friday, with China promising immediate retaliation, kicking off the next phase of the trade war. But it remains to be Continue Reading
Oil slips toward $77 as Saudi boost, trade tensions weigh
Oil slipped toward $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support. Top Continue Reading
UBS: Oil market at risk from supply shocks
Even with Saudi Arabia offering market assurances, concerns about dwindling spare capacity could push oil prices above $80 per barrel, Swiss bank UBS said. Members of the Organization of Petroleum Continue Reading
Oil slips as U.S. crude stockpiles show surprise build
U.S. crude futures CLc1 fell $1.20 to settle at $72.94 a barrel, retreating from Tuesday’s 3-1/2-year high of over $75. Brent crude futures LCOc1 lost 85 cents to settle at Continue Reading