Crude Build Halts Oil Price Recovery
The American Petroleum Institute (API) reported a sizeable crude oil inventory build for the week ending on November 9th. The build of 8.79 million barrels was the sixth in as Continue Reading
Growing demand for oil will lead to shortage and high prices in 2020s
Growing demand for oil will lead to a shortage and high prices in 2020s Energy demand in India is set to double Milind Ketkar We need to slash greenhouse emissions Continue Reading
Natural Gas Is Getting More Expensive, and So Could Heating Bills
The rapid surge has rattled investors and traders, as the market goes into the winter heating season with less supplies in storage than any other year since 2005. Natural-gas prices Continue Reading
Natural Gas Skyrockets As China Pledges Huge Supply Boost
With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday. The Continue Reading
US natural gas price rises 18% on supply fears
US natural gas prices rose 18 percent — their biggest one-day gain in eight years — as the onset of winter tests the ability of shale production to supply the Continue Reading
Oil stabilises after worst tumble since July
The international oil price stabilized on Wednesday, following its worst one-day plunge since July, as fear over a slowdown in global demand gripped the market. Brent crude was 0.2 per Continue Reading
Crude oil extends steep dive, stocks fall on growth fears
Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply, while global shares sagged as energy sector strains heightened anxiety about Continue Reading
Oil Drops Most in 3 Years as Investors Flee Darkening Outlook
Oil was showing little sign of recovering from its unprecedented decline as investors flee a market hammered by swelling supplies and a darkening demand outlook. New York futures were little Continue Reading
Oil prices tumble more than 6% as demand concerns grow
Oil prices tumbled more than 6 percent on Tuesday to eight-month lows as global producers and traders weighed the prospect of supplies overwhelming demand amid worries about a slowdown in Continue Reading
Canadian Oil Producer Calls For Production Cap Amid Record Low Prices
One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian Continue Reading