A $240 Per Gallon Gas Tax To Fight Global Warming?
A new U.N. report suggests a $240 per gallon gas tax equivalent is needed to fight global warming. The U.N. says a carbon tax would need to be as high Continue Reading
Crude oil futures fall 1% on higher OPEC output survey
Brent crude futures were down more 1% in mid-morning trade in Asia Monday after a survey by S&P Global Platts indicated that OPEC producers increased crude output in September, easing Continue Reading
Oil drops to around $83 on expectations Iran will maintain some exports
Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Continue Reading
Oil prices mark weekly gain ahead of Iran sanctions
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. Continue Reading
Goldman Warns Of Oil Market Surplus Next Year
The oil market could swing into a surplus in early 2019 as spare capacity is deployed, Goldman Sachs said in a note to clients cited by Reuters. The investment bank’s Continue Reading
Fear Has Driven Oil Prices Too High
The bulls are well and truly back in the oil market, with many analysts and traders predicting $100 oil by Christmas. But upon closer inspection, these claims appear to be Continue Reading
Speculators cut bullish bets on U.S. crude to near one-year low: CFTC
Hedge funds cut their bullish wagers on U.S. crude in the latest week to the lowest level in nearly a year, data showed on Friday, as U.S. inventories rise and Continue Reading
EIA Report Threatens Oil Price Rally
The oil price rally saw a correction on Thursday before stabilizing on Friday morning, and refinery maintenance season may soon add more downward pressure to oil markets. Oil fell back Continue Reading
OPEC’s Wildcards Could Push Oil to $100
Brent crude, the global benchmark, has jumped nearly 10% in the past month. But it has been a rocky climb: Brent fell sharply on Thursday amid a broad market retrenchment Continue Reading
Crude oil futures rebound after $1/b overnight fall on Saudi comments
Crude oil futures were higher during mid-morning trade in Asia Friday amid mild bargain-hunting after falling more than $1/b fall overnight and in response to comments by Saudi Arabia’s energy Continue Reading