Oil prices edged up on Thursday, steadying near two-year highs as the outlook remained upbeat as OPEC-led supply cuts have tightened the market and drained inventories. Brent crude LCOc1 settled Continue Reading
Brent crude has successfully consolidated its position above $60 per barrel this week, and WTI is approaching $55 per barrel, which would be the highest oil price in more than Continue Reading
LONDON (Reuters) – Oil prices steadied on Thursday as supply cuts by OPEC and other major exporters tightened the market despite higher production in the United States. An oil rig Continue Reading
Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating after weekly U.S. government inventory data showed the latest crude stock Continue Reading
U.S. crude, gasoline stocks dropped less than industry tally OPEC’s production declined in October from September Oil settled near an eight-month high after a closely watched U.S. government report showed Continue Reading
Coal prices are on the rise again. With benchmark rates in Australia up over 30 percent since July — approaching the $100/t mark that prevailed in November 2016 after a Continue Reading
When Mike Sylvester entered a career training center earlier this year in southwestern Pennsylvania, he found more than one hundred federally funded courses covering everything from computer programming to nursing. Continue Reading
In September and October 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015. In the past, price differences between West Texas Continue Reading
The front-month ICE Brent/WTI spread narrowed below $6/b Wednesday after Energy Information Administration data showed US crude exports exceeded 2 million b/d last week, a record-high. With the premium for Continue Reading
BP and Shell have similar levels of indebtedness—net debt to equity ratios in the mid-30s—and both say they can break even at oil prices around $50 a barrel, meaning their Continue Reading
