Category: Energy

December 12, 2018

Oil prices gained Wednesday as signs of a decline in U.S. crude inventories offset mixed signals on supplies from the globe’s major producers even as they ready for a planned reduction in output early next year. OPEC said Wednesday that […]

December 7, 2018

OPEC countries are mulling a possible cut to oil production in an attempt to stabilize prices as they meet for a second straight day. Heavyweight Saudi Arabia has been pushing a cut of about 1 million barrels a day, but […]

December 6, 2018

VIENNA — Saudi Arabia is poised to advocate that OPEC cut oil production by about a million barrels a day — roughly 1 percent of the global oil supply — as the group begins discussions on Thursday on ways to […]

December 4, 2018

“Clean coal” subsidies have let Wall Street and the energy industry make a lot of money at taxpayer expense, as several new reports suggest. The term “clean coal” refers to two entirely separate technologies. One is the chemical treatment of […]

December 3, 2018

Crude prices soared on Monday as optimism ahead of an OPEC meeting grew after Russian President Vladimir Putin said he and Saudi Crown Prince Mohammed Bin Salman agreed to extend output cuts on the sidelines of the weekend G-20 meeting. […]

November 30, 2018

There are 24 U.S. states and counting in which gasoline is going for under $2 a gallon, its cheapest in nearly nine months and a drop that reflects a new push lower for already plunging oil prices. Louisiana, for instance, […]

November 29, 2018

Brent Crude dropped back below $60 a barrel and is currently trading at $58.14, down 1.6%, after data showed US inventories continued to grow, while Russia indicated it has limited interest in cutting supply. Russian President Vladimir Putin said current […]

November 15, 2018

Gas prices are plunging as the Thanksgiving holiday travel period approaches. A dramatic drop in oil prices over the last several weeks is fueling the decline. Gas prices neared a four-year high in October, when they briefly topped $2.90 per […]

November 14, 2018

U.S. oil prices wavered early Wednesday as investors continued to wrestle with rising crude supplies against lingering questions about demand. West Texas Intermediate oil for December delivery CLZ8, +0.61% rose 23 cents, or 0.4%, at $55.91 a barrel, after settling […]

November 5, 2018

Oil futures pushed higher in choppy trade Monday, erasing earlier weakness in an attempt to bounce back from a sharp October selloff that pushed both the global and U.S. benchmarks into correction territory, as sanctions on Iran take effect but […]