Barclays: $70 More Likely Than $100
Oil industry titans are still not in agreement over what to expect from oil prices in the near future, with a wide array of guesses calling for both a spike Continue Reading
U.S. should brace for higher heating bills, potential supply issues
The U.S. Energy Information Administration said most heating bills will be higher this winter season, as much as 20 percent over last year in the case of heating oil, while Continue Reading
Oil extends losses as markets fall, inventories climb
Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than Continue Reading
Stock selloff drags down oil as market eyes lower demand growth
Steep declines in US equities led the oil complex lower Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE December Brent settled $1.91 lower at Continue Reading
Oil Slides After API Reports Huge Crude Build
The American Petroleum Institute (API) reported a major build of 9.75 million barrels of United States crude oil inventories for the week ending October 5, compared to analyst expectations that Continue Reading
Leading oil traders face off over price outlook as Iran sanctions near
The world’s biggest independent oil traders are deeply divided over the crude price outlook as the start date of sanctions on Iran’s energy exports draws near, setting up a major Continue Reading
Oil prices slump 2 percent as Wall Street slides
Oil prices dropped 2 percent on Wednesday as U.S. equity markets broadly fell, even though energy traders worried about shrinking Iranian supply from U.S. sanctions and kept an eye on Continue Reading
World’s top traders divided on oil outlook as Iran sanctions loom
The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran Continue Reading
The Hurricanes, and Climate-Change Questions, Keep Coming. Yes, They’re Linked.
Scientists are increasingly confident of the links between global warming and hurricanes. In a warming world, they say, hurricanes will be stronger, for a simple reason: Warmer water provides more Continue Reading
Crude oil futures slip ahead of US stocks data release
Crude oil futures were lower during mid-morning trade in Asia Wednesday ahead of the release of US crude inventory data that was expected to show a build, while supply concerns Continue Reading