Oil prices rise Monday on supply deficit concerns
Crude oil prices edged higher in early Monday trading because of concerns of a shortage of supplies, though some markets could get relief from the gradual restart of an oil Continue Reading
Oil prices mixed on Canadian outage update, U.S. sanctions on Iran
Oil prices were mixed on Monday, with U.S. crude lower on news about the timeline for the end of a major Canadian production outage, while global benchmark Brent gained on Continue Reading
U.S. Sanctions Could Add $50 To Oil Prices
To be sure, much of the oil world is focused on the supply fears in the near-term. The outages in several OPEC nations, plus the tightening noose on Iran from Continue Reading
Bernstein: Oil May Jump Past $150 On Chronic Underinvestment
A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle Continue Reading
Do not blame OPEC, oil producer group says of Trump criticism
The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. “OPEC Continue Reading
NYMEX August gas falls as dry gas output hits another record
The NYMEX August natural gas futures contract fell 3 cents Monday to settle at $2.828/MMBtu, a day after dry gas production in the US hit a record high and despite Continue Reading
Could U.S. Oil Become Part Of The Brent Benchmark?
Rising U.S. crude oil exports are upending global oil trade and oil flows to various regions in the world, snatching up market share in Asia and Europe from the traditional Continue Reading
Despite renewables gains, gas leads new US generation
Dive Brief: Despite the rise of renewable energy and the struggles of older plants such as coal, the United States’ energy infrastructure remains dominated by fossil fuels, according to the Continue Reading
Russia’s Finance Ministry Warns Of Another Price Collapse
If prices remain at their current level, another collapse could be around the corner, the Russian Finance Ministry has warned in a report, cited by Sputnik. According to the report, Continue Reading
Oil steadies as drilling increases in tight market
LONDON (Reuters) – Oil prices steadied on Monday as an increase in U.S. drilling, likely to lead to higher shale production, balanced evidence of tightening supply. Benchmark Brent LCOc1 was Continue Reading