Brent Oil Breaks Its Post-Crash High
WTI and Brent rallied on Monday and Tuesday, ahead of the API inventories report as traders grew more concerned that sanctions on Iran can have a strong impact on global Continue Reading
Oil jumps, then pares gains as Trump pressures OPEC again
Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran’s oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly Continue Reading
Owners of Last U.S. Nuclear Plant Face Few Good Options as Deadline Nears
If the partners fail to reach a deal to save the Vogtle expansion, there will be no new nuclear plants under construction in the U.S., a situation that worries some Continue Reading
Rising crude prices haven’t brought pain to the pump, yet
So far, rising international crude oil prices haven’t trickled down to U.S. gas pumps. AAA reported cheaper or stable gas prices have been reported in 32 states on Monday. The Continue Reading
Oil could rise to $100 by 2019
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Continue Reading
$100 Oil Is A Distinct Possibility
The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new Continue Reading
Oil market hears echoes of 2007/8: Kemp
Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. F Three days later, Continue Reading
Oil could rise to $100 by 2019 as global markets tighten, merchants warn
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Continue Reading
NYMEX October gas futures jump 6.1 cents on expectation of cold front in early October
The NYMEX October gas futures contract jumped 6.1 cents and settled at $3.038/MMBtu Monday on expectation of a demand spike in early October. Receive daily email alerts, subscriber notes & Continue Reading
Crude oil futures higher on potential US sanctions on Venezuela
Crude oil futures were higher in mid-morning trade in Asia Monday as the US signaled preparedness to ramp up pressure on the Maduro regime in Venezuela. Receive daily email alerts, Continue Reading