An early winter chill in the US Northeast will see temperatures in Boston and New York approach freezing by later this week, potentially lifting gas demand and prices to their Continue Reading
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. Benchmark Continue Reading
U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher on Friday after a steep sell-off the past two sessions. The markets are trading inside Thursday’s range Continue Reading
U.S. Treasury Secretary Steven Mnuchin said on Sunday it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that Continue Reading
Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an Continue Reading
Oil prices rose in mid-morning US trading as bearish sentiment faded amid rising US equity markets and lingering geopolitical tensions. ICE December Brent was up $1.33 at $80.62/b and NYMEX Continue Reading
Oil prices rose on Friday on signs of surging demand in China, the world’s No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. Continue Reading
Crude oil is unlikely to reach US$100 a barrel as various analysts have warned, Goldman Sachs’ chief of commodities Jeffrey Currie told S&P Global Platts in an interview. This is Continue Reading
“The oil prices in the world are too high,” said Bob Dudley at a conference in The Hague. “The oil prices in the world are too high and it’s unhealthy Continue Reading
Crude oil prices have been on a wild ride in October, hitting a four-year high to start the month before falling $8 in about two weeks. Photo by photostock77/Shutterstock Oct. Continue Reading
