Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries. That’s the message from the National Hydrocarbons Commission, which said Friday Continue Reading
Speculation OPEC will extend its deal to curb output and ease a global glut is sending oil toward its biggest weekly increase this year. While futures in New York were Continue Reading
Oil prices dipped on Thursday, ending two days of increases as record U.S. crude inventories outweighed a fall in gasoline stocks and disruptions in Libyan supplies. Prices for front-month Brent Continue Reading
The International Energy Agency (IEA) does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol Continue Reading
Oil prices picked up steam Thursday, building on gains after U.S. data made traders and investors hopeful that the country’s record-high crude stocks may soon start falling. U.S. crude futures Continue Reading
Signs of growing U.S. fuel demand are propping up oil above $49 a barrel, with more refinery purchases seen helping ease a glut in American crude stockpiles. Futures in New Continue Reading
The NYMEX April natural gas futures contract expired on a high note, with the prompt-month contract settling at an eight-week high of $3.175/MMBtu, up 7.9 cents day on day. The Continue Reading
Signs of growing U.S. fuel demand are propping up oil above $49 a barrel, with more refinery purchases seen helping ease a glut in American crude stockpiles. Futures in New Continue Reading
Oil prices closed at a three-week high on Wednesday, boosted by signs of strong demand for crude products and renewed commitments by major oil producers to rein in production. Light, Continue Reading
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half Continue Reading
