Commuters and tourists are regularly warned to “mind the gap” between train doors and the platform at certain stations on the London Underground. But the warning could just as easily Continue Reading
Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal to reduce the global crude glut. In Continue Reading
While regional volatility is extreme, gas prices at the national level are more or less steady despite the impact of severe U.S. weather, market analysis found. Motor club AAA reports Continue Reading
Oil prices were steady on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead Continue Reading
Oil prices settled higher on Monday, as refineries planned restarts and Saudi Arabia debated the possibility of extending a deal to curb output among major producers. Light, sweet crude for Continue Reading
Because of the conflicting forces at play for crude oil prices, the trend is sluggish and the forecast for major benchmarks is lower, RBC Capital Markets said. The price for Continue Reading
The mixed impact from hurricanes in the United States left the U.S. and global benchmarks for crude oil moving in opposite directions early Monday. Irma was downgraded to a tropical Continue Reading
Oil prices were mixed on Monday, with Hurricane Irma’s continued pounding Florida raising demand fears, while U.S. refinery restarts and Saudi cut extension talks gave upward pressure. Brent crude oil Continue Reading
In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday. “Irma will have a Continue Reading
The havoc wreaked by major summer storms stands to deepen a global crude-supply glut that has depressed oil prices for more than three years. By paralyzing giant swaths of the Continue Reading
