Swiss-headquartered MSC expects to pay over $2 billion a year in fuel costs due to tougher global marine fuel rules and will introduce a bunker charge next year to recoup Continue Reading
Crude oil futures jumped more than $2/b during mid-morning trade in Asia Monday after the US and China agreed to a temporary truce on tariffs pending further trade negotiations. All Continue Reading
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting Continue Reading
In the past, when the U.S. imported most of its energy needs, declining oil prices were a bounty to households and businesses. A rule of thumb was simple: Oil-price drops Continue Reading
Despite hitting its lowest level in over a year earlier in the week, crude oil is showing signs of stabilizing. This is perhaps an early indication that the worst of Continue Reading
Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down into a bear market Continue Reading
Crude oil prices were lower Friday amid ongoing concern that the market is unbalanced, with growing production and record-high exports from the United States. West Texas Intermediate front-month futures were Continue Reading
Oil analysts are increasingly pessimistic about the prospect of a price rally next year, when the outlook for demand is uncertain and supply is growing at breakneck speed, even though Continue Reading
Oil prices retreated on Friday amid a global glut, racking up a 20 percent drop for November, while most major equity markets kept moves tight ahead of weekend talks between Continue Reading
“In my view, the current price range of oil is comfortable for both producers and consumers,” said Russia’s Energy Minister Alexander Novak in an interview with news agency TASS. The Continue Reading
