Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed Continue Reading
Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights. Government instability Continue Reading
U.S. supply rise seen as risk factor in market rebalance: IEA Dollar strength diminishing appeal of oil as value refuge Crude dropped the most in more than two weeks as Continue Reading
The American Petroleum Institute (API) reported a build of 933,000 barrels of United States crude oil inventories for the week ending February 23, according to the API data. Analysts had Continue Reading
Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing. That’s the message from Francisco Blanch, Bank of America’s head of commodities and Continue Reading
Investors have built a billion-barrel bet on higher oil prices. But they are a different breed of bull than years past. The “net long” position held by fund managers in Continue Reading
In the world of growing oil demand, lower oil prices, and increased digitalization, oil traders and oil firms continue to push for efficiency gains—the favorite buzzword during the downturn. Energy Continue Reading
Average commuters in the United States saw relief at the pump continue through much of February, but lower retail gas prices might not last, analysis finds. Motor club AAA reports Continue Reading
The country’s biggest trucking group thinks it has a way to convince Republicans to raise the gasoline tax: Don’t call it a tax. The American Trucking Associations, reviving an argument Continue Reading
No one likes to hear news about higher taxes. Californians got just that kind of news last year, when Governor Jerry Brown signed a 40-percent increase in the state gas Continue Reading
