Train shortage, power demand to drive resurgence in India’s coal…
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Cruz urges biofuels policy revamp at rally for bankrupt U.S. refiner
Philadelphia (Reuters) – Republican Senator Ted Cruz of Texas on Wednesday urged President Donald Trump’s administration to push for an overhaul of the nation’s biofuels policy, during a rally at Continue Reading
Oil falls as dollar rises, U.S. inventories expected to rise
Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production. Brent Continue Reading
U.S. oil prices rise on Cushing draw, hopes of producer cooperation
NEW YORK (Reuters) – U.S. crude hit a near two-week high in a choppy session on Tuesday amid inventory declines at a key storage hub and on expectations that top Continue Reading
Oil prices fluctuate due to mixed factors
World oil prices are changing without a single dynamics on February 20 after Saudi Arabia decided to cut production at the end of last week, although the U.S. continues to Continue Reading
UAE says OPEC, non-OPEC allies to study long-term oil cooperation in June
LONDON (Reuters) – OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major Continue Reading
U.S. consumer gas prices still inching lower
U.S. consumers are finally catching a break when they head to the gas station as retail prices follow the price of oil lower, market analysis finds. Motor club AAA reported Continue Reading
Platts: Norwegian oil field too big to ignore for possible Brent update
Once production starts from the Johan Sverdrup oil field in the North Sea, it could be a component of the basket of oils that make up Brent, Platts reported. Norwegian Continue Reading
Brent crude sags, while lower Canadian supply boosts U.S. futures
Brent crude oil prices fell on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while U.S. futures gained, bringing the discount between the two key futures Continue Reading
Middle East tensions lend risk premium to the price of oil
Middle East tensions, pitting Israel against Iran, added a geopolitical risk premium to the price of oil in a Monday session thinned by a U.S. federal holiday. Speaking at a Continue Reading