Crude Prices Fall on Fears Over U.S. Shale Output
Crude prices fell Wednesday, weighed down by a strong dollar and concerns that rising U.S. shale production may offset a move by major producers to cut global supply. The Wall Continue Reading
Oil prices mixed on Saudi commitment to cut output, investor scepticism
Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that Continue Reading
Crude Prices Boosted by Saudi Oil Minister Comments
Oil prices rose Tuesday after positive remarks on the supply and demand balance from the Saudi Arabian energy minister on Monday. The March contract for global crude benchmark Brent gained Continue Reading
Gas prices finally edge lower
Relief in the form of stagnant crude oil prices and a good outlook for the nation’s refineries means U.S. gas prices edged a bit lower, a retail analysis found. An Continue Reading
Crude Prices Boosted by Saudi Oil Minister Comments
Oil prices rose Tuesday after positive remarks on the supply and demand balance from the Saudi Arabian energy minister on Monday. The March contract for global crude benchmark Brent gained Continue Reading
Brent Oil Trades Above $56 as Saudis See Market Balanced by June
Brent oil traded above $56 a barrel after Saudi Arabia said output cuts from OPEC and other producers will balance the market by June. Futures added 0.8 percent in London Continue Reading
Dana Gas CEO Says 1 Billion Barrels of Oil in Way of Ending Glut
Dana Gas CEO: ‘Latent Capacity’ in Global Oil Supply Almost 1 billion barrels of oil held in inventories must be used up before global supply and demand are closer to Continue Reading
The Rebound Is Here: Megaprojects Back On The Table
Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel, Continue Reading
Natural gas prices in 2016 were the lowest in nearly 20 years
Natural gas spot prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average Continue Reading
Oil prices edge up on weaker dollar, expected crude output cuts
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. Continue Reading