A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices Continue Reading
Tension is brewing in the oil market as the optimism of financial players who have poured cash into crude futures is not shared by physical players who keep cutting sale Continue Reading
Oil is retracing for a second day, as OPEC’s monthly oil report showed the cartel’s production rising last month. As markets mentally limber up for the double whammy of weekly Continue Reading
Crude oil prices edged higher Wednesday on continued hopes for supply action by the Organization of the Petroleum Exporting Countries, but growing global oil supplies have sown doubts about the Continue Reading
Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the Continue Reading
Oil prices pulled back Tuesday after the monthly report from the Paris-based International Energy Agency said global supplies rose in September. The December contract for global crude benchmark Brent was Continue Reading
A long period of low oil prices has saved motorists money at the pump, but languishing crude prices could drive up heating bills. That is because the natural-gas supply is Continue Reading
Talks with Russia have been ‘very constructive,’ Barkindo says OPEC to decide crude production quotas at November meeting Oil gained after OPEC said it had firm commitments from Russia that Continue Reading
Tension is brewing in the oil market as the optimism of financial players who have poured cash into crude futures is not shared by physical players who keep cutting sale Continue Reading
Refinery problems and short-term market factors related to Hurricane Matthew mean more delays for seasonal trends toward lower gasoline prices. Photo by Oskari Porkka/Shutterstock Refinery issues and problems associated with Continue Reading
