(Reuters) – Investment bank JP Morgan on Friday raised its outlook for oil prices, but lowered its forecast for global crude demand-growth this year amid increasing uncertainty over international trade. Continue Reading
The oil market is “stretched to the limit” despite the fact that OPEC+ agreed to ramp up production following their meeting last month, according to the International Energy Agency. The Continue Reading
Delta Air Lines Inc. DAL 1.85% said it will boost fares and add fewer flights than planned as carriers contend with a surge in fuel prices amid a record stretch Continue Reading
Oil prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. The rally received an extra boost from the Continue Reading
Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on Continue Reading
Crude futures tumbled Wednesday, with concerns of an escalated trade war between the US and China outweighing a 12.6 million-barrel draw in US crude inventories. Receive daily email alerts, subscriber Continue Reading
Oil prices have spiked more than 13 percent in the past ten days, with WTI touching $75 at one point, the highest since the 2014 price crash. The factors that Continue Reading
The long-term climb in oil prices is concerning even top oil-service executives. With U.S. West Texas Intermediate crude at $74.11 a barrel and global supply shortages showing no signs of Continue Reading
The world was awash in crude oil just two years ago. Now there’s barely enough to meet the unquenchable thirst for energy. Faced with rapidly rising prices and sanctions on Continue Reading
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of Continue Reading
