Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown Continue Reading
Between 2013 and 2017, Pennsylvania was the largest exporter of electricity, shipping out 59 million megawatt hours (MWh) on average each year. – California, on the other hand, imported an Continue Reading
Oil prices edged lower on Tuesday, slipping off five-month highs after the International Monetary Fund cut its global economic growth forecasts and as Russia signaled it may retreat from its Continue Reading
Crude oil prices, which plunged in the fourth quarter of 2018, have rebounded significantly in 2019. In the first quarter of 2019, oil prices recorded the best quarterly gain since Continue Reading
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia Tuesday, continuing to firm at five-month highs given the risk of supply outages in Libya, while market participants await fresh Continue Reading
Crude oil futures remained stable during mid-afternoon trade Tuesday as market participants eye fresh cues amid expectations of higher US crude stocks in a still-bullish market scenario. At 2:15 pm Continue Reading
It’s not just OPEC production cuts, Venezuelan chaos, and sanctions that are pushing up oil prices this year–U.S. shale production is slowing, too. And the result is a phenomenal 30-percent Continue Reading
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions Continue Reading
Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Continue Reading
