Oil climbed to the highest level this month as investors weighed supply disruptions in Venezuela and Libya. Futures advanced 2.4% in New York on Wednesday. Venezuela’s ability to export crude is Continue Reading
The American Petroleum Institute (API) estimated on Wednesday a larger than anticipated crude oil inventory build of 4.16-million barrels for the week ending February 14, compared to analyst expectations of Continue Reading
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 4.2 million barrels for the week ended Feb. 14, according to sources. The API data, which were Continue Reading
Crude oil futures were largely steady in mid-morning trade in Asia Wednesday after the US imposed sanctions on Russian oil major Rosneft Tuesday. Receive daily email alerts, subscriber notes & Continue Reading
Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in Continue Reading
World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies and Europe’s largest economy, Germany, reported damage from the coronavirus outbreak. Apple’s stock Continue Reading
The geopolitical landscape is likely to be significantly modified by the energy transition from fossil fuels to renewable and low-carbon resources, both on the global and sub-national level, experts said Continue Reading
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by Continue Reading
Money managers continued to liquidate long positions in the petroleum futures last week, but the pace of rising shorts has slowed after the early market panic about the impact of Continue Reading
The coronavirus outbreak in China has hogged headlines for a month now, battering oil prices and sending OPEC into a frenzy to find a way to stop or at least Continue Reading
