Oil gains 1 percent on signs OPEC not prepared to boost output
Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia Continue Reading
Oil Prices Jump On Saudi Arabia’s $80 Claim
Oil prices were up early on Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel and OPEC may not be rushing Continue Reading
Fans of Coal Are Reaping the Rewards
So far, Glencore’s gamble appears to be paying off. High demand from Asia helped thermal coal prices delivered from Newcastle, Australia, the world’s largest coal-export port, more than double since Continue Reading
Russia: current oil price sanctions-driven, seen at $50/bbl long-term
Russian Energy Minister Alexander Novak said on Tuesday that current high oil prices of between $70 and $80 per barrel were temporary and were mainly driven by sanctions, adding that Continue Reading
Crude oil futures lower as US-China trade tensions ramp up
Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US Continue Reading
Oil rises as Saudi says it is comfortable with higher prices
Oil prices firmed on Tuesday after Saudi Arabia indicated it was comfortable with a higher price range ahead of a meeting between major producing countries in Algeria. crude LCOc1 futures Continue Reading
Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions
Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply Continue Reading
Why WTI Could Crash In The Coming Weeks
West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service Continue Reading
Russia’s Novak says oil at $70-80/bbl is temporary and sanctions driven
GORKY, Russia (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday that oil prices of between $70 and $80 per barrel were only temporary and were driven by sanctions, Continue Reading
Oil higher as U.S. Iran sanctions raise supply concerns
Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together Continue Reading