Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael moved toward Florida causing the shutdown of nearly 40 percent Continue Reading
The EIA’s chart above highlights the fact that the precise path from a hurricane in the Gulf of Mexico can have a bigger impact on oil industry operations than the Continue Reading
Brent is expected to peak at $95 per barrel (/bbl) by the end of Q2 2019, said the Bank of America Merrill Lynch (BofAML), citing a forecast by Francisco Blanch Continue Reading
The head of International Energy Agency warned Tuesday that oil prices are set to enter the “red zone” during the fourth quarter of 2018, threatening to hit demand growth as Continue Reading
Gasoline prices have on average gained 3 cents on the week, rising to $2.91 per gallon, despite moves to a cheaper winter blend — and the current levels, highest for Continue Reading
Oil is flowing from a drill site in what is now the farthest-west producing site on Alaska’s North Slope, ConocoPhillips Alaska Inc said on Tuesday. Production at Greater Mooses Tooth Continue Reading
Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Continue Reading
Oil prices almost fully recovered from a sharp drop on Monday, paring losses as investors bet China’s economic stimulus moves would lift crude demand in the world’s No. 2 economy. Continue Reading
Hedge fund managers started to take some profits after the strong rally in crude oil prices, even before details emerged last week of output increases from Saudi Arabia and sanctions Continue Reading
Oil prices rallied last week to their highest level since November 2014, with Brent Crude hitting $86 and WTI Crude rising above $75 a barrel at one point in the Continue Reading
