U.S. crude’s discount to global benchmark Brent on Friday firmed to the narrowest since late August as a pipeline from the Cushing, Oklahoma, storage hub to the U.S. Gulf Coast Continue Reading
Cash prices for Chicago ultra-low sulfur diesel tumbled to a four-year seasonal low on Friday, as Midwest refiners struggle to find buyers amid weaker seasonal demand, while they run full-tilt Continue Reading
Oil prices climbed on Friday, claiming background from a tumble of 5 percent in the previous session, on signs that OPEC’s output cuts that start next month will be deeper Continue Reading
Crude oil prices tested fresh 15-month lows in midmorning trading as losses in US equity markets extended Thursday. ICE February Brent was down $1.99 to $55.24/b and NYMEX February WTI was Continue Reading
It isn’t just that there is too much oil sloshing around the world. All of a sudden, there are fears of too little demand for the stuff too. Oil prices continued to Continue Reading
The Federal Reserve raised interest rates on Wednesday, which weighed on riskier assets like stocks and commodities. Meanwhile, fears of slowing global growth and declining fuel consumption have added to Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday despite a draw reported in US crude stocks, as growing supply concerns elsewhere coupled with poor economic outlook continued Continue Reading
Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as Continue Reading
Saudi Pledge: Saudi Arabia Energy Minister Khalid al-Falih reportedly said in Riyadh that the Organization of the Petroleum Exporting Countries, as well as Russia and other producers, will almost certainly Continue Reading
U.S. liquefied natural gas (LNG) export capacity is on the brink of doubling in 2019, which will boost the super-cooled fuel’s influence on the U.S. natural gas market, where volatility Continue Reading
