Higher Fuel and Labor Costs Mean You’ll Pay More to Fly in 2017
The party’s over for the airlines. Guess who has to stay and clean up? After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, Continue Reading
American Drivers Seen Paying $52 Billion More to Fill Up in 2017
Americans may spend $52 billion more to fill their cars this year as OPEC output cuts boost oil prices and state tax hikes take a bigger bite, according to GasBuddy Continue Reading
Oil prices edge up as dollar retreats from 14-year high
Oil prices edged up on Wednesday, recovering some losses from the previous day when the U.S.-dollar hit a 14-year peak and weighed on crude markets. U.S. West Texas Intermediate (WTI) Continue Reading
Brent Crude Hits 17-Month High on Output Cuts
Oil futures began the year with a jolt Tuesday, with Brent hitting a more-than one-year high, boosted by anticipation the production cuts agreed late last year would kick in and Continue Reading
Oil Climbs to 18-Month High as Kuwait and Oman Fulfill OPEC Cuts
Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are delivering on their agreement to stabilize the market. Continue Reading
Oil in 2017 seen capped below $60/barrel by strong dollar, U.S. shale
Oil prices will gradually rise toward $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely Continue Reading
Oil prices rise as markets eye OPEC, non-OPEC production cuts
U.S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. U.S. benchmark Continue Reading
Iranian energy doors opening to foreign companies
More than two dozen foreign oil and natural gas companies are qualified to get in line as Iran’s energy sector opens up to investors, the government said. Sanctions pressure started Continue Reading
Oil Climbs to 18-Month High as Kuwait and Oman Fulfill OPEC Cuts
No compatible source was found for this media. Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are Continue Reading
Oil prices rise as markets eye OPEC, non-OPEC production cuts
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will Continue Reading