Oil prices rose slightly in trading on Tuesday in volatile trading as analysts’ concerns about crude supply edged out profit taking one day before the July 4 holiday in the United States. Repsol photo. Oil [Read more]
Oil prices rose on Friday on concerns that sanctions imposed against Iran by the Trump administration will impact the global supply of crude at a time when demand is rising. Repsol photo. Brent oil prices [Read more]
Oil prices settled the day higher on Thursday as concerns about supply shortfalls due to the Trump administration’s sanctions on Iranian crude exports and production disruptions in Canada, Libya and Venezuela. Shana.ir photo. US oil [Read more]
Oil prices soared on Tuesday after the US Energy Information Administration reported US crude stocks fell significantly last week and the jittery market remains concerned about uncertain Libyan exports and a production disruption in the [Read more]
Oil prices surged on Tuesday after the Trump administration began pushing other countries to stop importing crude from Iran and will not grant waivers to sanctions. BP photo. US oil prices up over 3 per [Read more]
Improving air pollution will be a key driver of gas demand, especially in emerging markets Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas [Read more]
Hedge funds and other money managers trimmed their combined net long position in the six most important futures and options contracts linked to petroleum for the ninth week in a row. BP photo. Hedge funds [Read more]
Oil prices fell on Monday after OPEC announced it will increase its production by 1 million barrels per day (b/d) and US equity markets slipped on fears that the trade war between the US and [Read more]
Oil prices rose significantly on Friday after OPEC announced it agreed to boost its production by about 1 million barrels per day. OPEC photo. US oil prices up over 5 per cent Oil prices jumped [Read more]
Oil prices were mixed in trading on Thursday with US WTI rising by pennies and OPEC-aligned Brent crude falling over 2 per cent. The oil market is waiting to see if the OPEC supply cut [Read more]
Oil traders are focused on the OPEC meeting in Vienna this week, however, the direction of oil prices over the next year will be more influenced by less visible developments in the major oil-consuming countries, especially [Read more]
Oil prices were mixed on Wednesday with West Texas Intermediate rising after the US Energy Information Administration reported a drop in US crude stocks. Brent prices slipped ahead of the OPEC meeting scheduled for later [Read more]
Oil prices fell slightly on Thursday as an escalating trade dispute involving China and the US concerned investors and prompted selloffs in a number of global markets. Repsol photo. Oil prices fall on possible OPEC [Read more]
Oil prices rose in volatile trading on Monday as the jittery market awaits the outcome of OPEC’s meetings later this week and investors considered the ramifications of a trade dispute between the US and China. [Read more]
Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 18 million barrels in the week to June 12. Nexen photo. Hedge [Read more]
Oil prices tumbled over two dollars per barrel on Friday as the market waits on tenterhooks to learn the outcome of next week’s OPEC meeting in Vienna. Recently, Russia and Saudi Arabia hinted that they [Read more]
Oil prices were mixed on Thursday on a rising US dollar and concerns over crude supply and the upcoming meeting of the Organization of Petroleum Exporting Countries next week. ConocoPhillips photo. Brent oil prices slip, [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed a larger-than-expected drop in US crude stocks as well as a decline in gasoline and distillate inventories. Apache photo. Oil prices [Read more]
US oil prices rose slightly while Brent slipped just under 1 per cent in trading on Thursday as a rising US dollar and weakening euro pressured crude prices on Tuesday. BP photo. Brent oil prices [Read more]
Hedge funds and other money managers cut their net long position in the six most important futures and options contracts linked to petroleum prices by 72 million barrels in the week to June 5. Encana [Read more]
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