Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell Continue Reading
November power burn outpaces 2017 average by 1.6 Bcf/d 6,650 MW of coal-fired capacity retired since March Denver — Narrowing gas price elasticity in the US power sector could drive Continue Reading
Heavy Western Canadian Select crude fell to a record low as several oil producers shut in production and some demand the Alberta government intervene to mandate across-the-board cuts. The oil-sands Continue Reading
Crude oil futures ticked higher during mid-morning trade in Asia Friday, correcting from the slide following a large sell-off this week, despite a build reported in US crude inventories. Growing Continue Reading
In just one month, everyone stopped talking about $100 oil. In six weeks, oil prices slid into a bear market from four-year highs in early October and booked their steepest Continue Reading
What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that “recent Continue Reading
The long losing streak in oil prices over the past two weeks was the result of U.S. policies and soaring American oil production, Ed Morse, head of commodities research at Continue Reading
The drop largely reversed Wednesday’s meteoric 18% increase to $4.837/mmBtu—the biggest one-day rally in 14 years and the highest closing price since 2014. The sharp moves caught many in the Continue Reading
Senior oil analysts have shrugged off concerns about a prolonged slump in prices after Dated Brent crude briefly dipped below $65/b for the first time since March. Since early Continue Reading
Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over the prospect of an oversupplied market next year remained in spite of Continue Reading
