Crude oil futures were marginally lower during mid-morning trade in Asia Monday, moving within a tight range as optimism from the US-China trade deal faded. Market participants were now looking Continue Reading
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil Continue Reading
There’s nothing like wild volatility to destroy the integrity of those high-end bankers and analysts who are brave enough to make oil price predictions year in and year out. But Continue Reading
Delegates from nearly 200 nations sparred for two weeks in Madrid at the annual United Nations climate summit without setting new emissions targets before next year’s U.N. convention in Glasgow Continue Reading
Some of the difficult issues proved impossible to resolve in Madrid The longest United Nations climate talks on record have finally ended in Madrid with a compromise deal. Exhausted delegates Continue Reading
It’s the end of the year and authorities of various caliber and standing are making oil price forecasts for next year. This wealth of information can be confusing because of Continue Reading
Here’s fun fact: the world’s deepest manmade hole goes 15 kilometers into the ground. They stopped drilling at the 15 th kilometer because it got too hot at the bottom Continue Reading
A reader has written to me to say that she does not completely understand if we have a serious problem with oil or not, and I have written her a Continue Reading
The Dangote Refinery would save the country of $10 billion spent on crude importation when it comes on stream, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said Continue Reading
China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to Continue Reading
U.S. President Donald Trump’s top trade negotiator praised a “phase one” U.S.-China trade deal which is expected to nearly double U.S. exports to China over the next two years, while Continue Reading
The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to Continue Reading
The flaring and venting of natural gas in the U.S. continues to soar, reaching new record highs in recent months. The volume of gas that was burned or simply released Continue Reading
The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly Continue Reading
“It affects everybody’s bottom lines,” Mr. Daniels said. Fracking has made the U.S. the world’s top oil producer, buoyed the national economy and helped the country become a net exporter Continue Reading
Euro zone business growth remained weak in December, with tepid foreign demand exacerbating a contraction in manufacturing and offsetting a slight pick-up in services activity, although some analysts saw signs Continue Reading
The German economy is more or less stagnating, the economy ministry said on Monday, adding there are initial signs that an industrial recession could be coming to an end as Continue Reading
In early trading on Friday, oil prices hit a three month high on positive trade war and geopolitical developments. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to Continue Reading
Crude futures climbed in the European morning trading session Friday, buoyed by positive sentiment about a US-China trade deal, but amid a mixed supply outlook. Receive daily email alerts, subscriber Continue Reading
“We will for sure have a strong first quarter and if the market has legs, it will correct downwards, but it will still be comfortable. I think 2020 will be Continue Reading
General Khalifa Haftar has announced “the decisive battle and the advance on the heart of Tripoli,” after eight months of trying to take over the seat of the UN-recognized Government Continue Reading
Youth activists walked out of the UN climate talks in Madrid in protest on Friday evening as negotiations went into overtime, with countries locked in arguments over the creation of Continue Reading
The European Union warned on Saturday that a U.N. summit in Madrid must send a strong signal that countries are ready to do more to cut emissions, as fears grew Continue Reading
President Trump delivers remarks during a campaign rally Tuesday at the Giant Center in Hershey, Pa. . (Tom Brenner/Reuters.) It’s official. President Trump and China have agreed to a “phase Continue Reading
The US and China have reached a deal to partially ratchet down their trade war, ushering in a fragile detente in their economic relations after 20 months of on-and-off negotiations Continue Reading
President Trump speaks during a meeting with Chinese Vice Premier Liu He at the White House on Oct. 11 after two days of trade negotiations. (Yuri Gripas/Reuters) President Trump and Continue Reading
The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling Continue Reading
China plans to set a lower economic growth target of around 6% in 2020 from this year’s 6-6.5%, relying on increased state infrastructure spending to ward off a sharper slowdown, Continue Reading
China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters Continue Reading
Building codes and utility regulations differ from state to state, so while California regulators had no problem with several local natural gas bans there, cities in Massachusetts might run afoul Continue Reading
U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was slowing a bit faster Continue Reading
The US oil and gas rig count was unchanged this week, according to Baker Hughes, staying at 799 rigs for the week, according to Baker Hughes, but the number of Continue Reading
Data from a network of newly installed weather stations atop Mount Everest shows that the mountain experiences some of the most intense sunlight on the planet. As alpine mountaineers are Continue Reading
The head of General Motors Co’s Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand’s models would be electric vehicles by 2030. Cadillac president Continue Reading
Another year of stronger oil and natural gas prices increased 2018 oil and natural gas proved reserves in the United States to another all-time record level. Crude oil and lease Continue Reading
The varnished wooden cross stands amid a cluster of grave markers tilted at odd angles in the cemetery, because the ground beneath them is sinking. Rising temperatures are thawing the Continue Reading
The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week. The U.S. added four oil rigs this week, according to data Continue Reading
California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp ( PCG.N ), the state’s largest investor-owned utility, saying its proposal fails to meet the Continue Reading
In a letter Friday to PG&E, the Democratic governor said the company’s plan “fails to address most of the issues we previously raised,” including a transformed corporate board and sufficient Continue Reading
Moody’s Investors Service said Friday it retained a negative outlook on US thermal coal markets in 2020 based on stiffer competition in the generation stack from natural gas and renewables, Continue Reading
Without cuts, Bakken crude would have flat-lined North Dakota oil output was at record 1.52 million b/d in October State claims Bakken breakevens are $12/b, analysts disagree Washington — The Continue Reading
Germany and Russia have hit back at the US Congress over its decision to impose sanctions on the Nord Stream 2 gas pipeline, in the latest diplomatic escalation over the Continue Reading
The Mercedes-Benz Dusseldorf plant has started production of the Mercedes-Benz eSprinter. ( Earlier post .) Mercedes-Benz has been building its globally successful vans in Dusseldorf since 1962; more than 4.6 Continue Reading
EU leaders have agreed that the bloc must be climate-neutral by 2050, which if implemented fully would end its demand for unabated fossil fuels. Receive daily email alerts, subscriber notes Continue Reading
Oil rose on Friday to its highest in nearly three months as progress in resolving the U.S.-China trade dispute and Britain’s general election result appeared to lift two clouds that Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Friday as fresh optimism emerged just days ahead of the December 15 deadline for a phase one trade deal that Continue Reading
Even if the OPEC+ coalition manages to remove as much as 2.1 million barrels of oil per day from the market in the first quarter next year, oil prices may Continue Reading
Global fuel oil demand will average 6.148 million b/d in 2020, a 4.6% drop from 6.440 million b/d in 2019, the International Energy Agency said in its December report published Continue Reading
OPEC has its work cut out to rebalance the market in the first half of 2020 despite the International Energy Agency lowering its forecast for non-OPEC oil supply growth on Continue Reading
Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA). OPEC+ announced additional cuts Continue Reading
