Category: Energy

October 12, 2018

Global oil demand will grow at a slower pace than expected this year and next amid economic risks stemming from trade tensions and higher oil prices, the International Energy Agency said Friday. In its closely watched monthly oil-market report, the […]

October 8, 2018

U.S. stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data. Six of the 11 major S&P sectors were […]

October 3, 2018

Oil futures ticked higher on Wednesday, resuming a march to multiyear peaks, ahead of a closely followed inventory report and as investors weighed the effects of global output on Iranian exports due to pending U.S. sanctions. November West Texas Intermediate […]

September 27, 2018

The price of oil is approaching $82 per barrel on Thursday as investors continue to pour into the commodity ahead of the imposition of fresh US sanctions against Iran, the world’s fifth largest oil producer. Concerns about supply constraints likely […]

September 24, 2018

Oil prices surged early Monday in New York, extending an uptrend for crude, as major energy producers declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. November West Texas crude CLX8, […]

September 21, 2018

ST.-NAZAIRE, France — At a brightly lit factory near the mouth of France’s Loire River, technicians in hardened black baseball caps gingerly maneuver wind machine tower turrets called nacelles across the floor and then join them to big round generators. […]

September 19, 2018

HOUSTON — When President Trump announced in May that he was going to withdraw the United States from the nuclear agreement that the Obama administration and five other countries negotiated with Iran in 2015 and reimpose sanctions on the country, […]

September 12, 2018

LONDON — OPEC’s total oil production climbed last month, in a sign the oil-cartel is sticking with a decision to begin pumping out more barrels of crude this summer after more than a year of holding back output. Crude oil […]

August 10, 2018

As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil. Oil had been one of a slate of targets […]

August 6, 2018

U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock. “As we go more towards (the fourth quarter) … that’s […]