Opec countries drastically curbed their output in the first month of their new production agreement, in the clearest sign to date that the world’s biggest oil producers are committed to Continue Reading
Oil prices rose Friday after a top energy watchdog said exporters are following through on promises to cut oil production to end a longstanding glut in the market. The International Continue Reading
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group Continue Reading
Oil prices were stable early on Friday, with OPEC-led production cuts supporting the market while soaring U.S. fuel inventories were weighing on crude. U.S. West Texas Intermediate (WTI) crude futures Continue Reading
Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs Continue Reading
Natural gas prices edged higher Thursday after government data indicated that natural gas supplies are tight even though mild temperatures have limited demand for the fuel. The U.S. Energy Information Continue Reading
OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, Continue Reading
A potential increase in gasoline taxes in several U.S. states could put a dent in demand at the pumps and mark another setback for a market already flooded with excess Continue Reading
Oil prices stabilized on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remained under pressure. Brent crude futures LCOc1, the Continue Reading
Oil prices closed higher Wednesday as signs of rising gasoline demand negated a larger-than-expected build in inventory levels. Light, sweet crude for March delivery settled up 17 cents, or 0.3%, Continue Reading
