A continued weaker oil price could hinder progress of the electric vehicle revolution, as the costs of investment become unattractive, a panel discussion said Wednesday. Speaking at the annual Mines Continue Reading
Russia is comfortable with the current level of oil prices at around $60 a barrel, Russian President Vladimir Putin said at an investment forum on Wednesday, also thanking Saudi Arabia Continue Reading
Oil rose further above $60 a barrel on Wednesday, supported by expectations that OPEC and its partners will next week decide to curb supply and helped by a drop in Continue Reading
The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks, will Continue Reading
Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters Continue Reading
What sparked the reversal? Investors and oil traders had a sudden rethink about how much oil would be pumped onto world markets in coming months. The main factors: booming U.S. Continue Reading
Prices for liquefied natural gas (LNG) remain weak going into what forecasters are claiming will be a warmer than usual winter season in the Northern Hemisphere. In fact, last week Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Tuesday amid supply uncertainty in the lead-up to the G20 summit and OPEC meetings over the next fortnight. At 11:05 Continue Reading
Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Brent crude Continue Reading
Oil prices rose nearly 3 percent on Monday, clawing back some of last week’s steep losses, although gains were capped by uncertainty over global economic growth and further signs of Continue Reading
