Saudi Arabia’s Energy Minister Khalid al-Falih, shown in Istanbul in October, will carry heavy influence… VIENNA—Iran and Iraq have softened their positions ahead of a crucial OPEC meeting on Wednesday, Continue Reading
Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in Continue Reading
Donald Trump After the election of Donald Trump as President, one of the cornerstones of the modern global economic system is being questioned. Trump built his campaign on questioning the Continue Reading
The NYMEX December natural gas futures contract, in its final day of trading Monday, jumped 14.7 cents to settle at $3.232/MMBtu as increasingly supportive weather forecasts bolstered the market. The Continue Reading
Oil retreated below $47 in New York after OPEC officials failed Monday to work out a compromise on a deal to cut production and boost crude prices. Futures lost as Continue Reading
The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc. Global Continue Reading
With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied Monday as traders bet that major oil producers can still reach an Continue Reading
Oil extended declines to slip below $46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives meet on Monday amid last-minute negotiations to Continue Reading
People are reflected in a display (top) showing the current exchange rate between U.S. dollar and Japanese Yen outside a brokerage in Tokyo, Japan, November 7, 2016. The dollar saw Continue Reading
Goldman Sachs offices Goldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on Continue Reading
