Crude Oil Slides Again
Oil and natural gas futures moved in opposite directions. West Texas Intermediate (WTI) and Brent crude oil futures fell for the third straight session Monday while natural gas futures posted Continue Reading
Oil prices fall 2% as China stokes demand worries
Oil prices extended their declines on Monday as weak economic data out of China stoked worries that a slowdown could drag on fuel demand. China’s exports and imports fell in Continue Reading
Bearish Bets On Diesel Tell A Worrying Story
The mood in the crude oil and oil product futures market turned decisively sour in the fourth quarter of 2018 as building crude oil oversupply and signs of slowing global Continue Reading
Ice loss from Antarctica has sextupled since the 1970s, new research finds
Antarctic glaciers have been melting at an accelerating pace over the past four decades thanks to an influx of warm ocean water — a startling new finding that researchers say Continue Reading
OPEC+ ministerial meetings proposed for April 17-18: source
The date for the next meetings of the Organization of Petroleum Export Countries and its allies has been proposed for 17 and 18 April, though this has yet to be Continue Reading
Saudi Oil Minister: No Need For Extraordinary OPEC Meeting
There is no need for the Organization of Petroleum Exporting Countries to schedule an extraordinary meeting before April, Saudi Arabia’s Energy Minister, Khalid al-Falih, told media, as quoted by Reuters. Continue Reading
Saudi Oil Minister: Aramco Set To Go Public In 2021
Saudi Aramco is on track to become a public company in 2021, Energy Minister Khalid al-Falih said during an oil conference in Abu Dhabi. Gulf News quoted the official as Continue Reading
OPEC To Publish Quotas For New Production Cut Deal
OPEC plans to publish this week the quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an Continue Reading
Iran Feeling Economic Isolation From U.S. Sanctions
The United States has no intention of granting any further sanction waivers to Iran crude oil buyers, the U.S. special representative for Iran, Brian Hook, said this weekend, as quoted Continue Reading
‘Zero coordination’: Mexico’s war on fuel theft risks economic chaos
Conceived as a bold plan to attack corruption, a crackdown by Mexico’s new president on rampant fuel theft has turned into a battle to prevent economic chaos after state governments, Continue Reading