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Category: Energy


Energy, Industries

Oil price keeps rising, industry frets over Iran-US conflict

January 6, 2020

Via: ABC News

PROVIDENCE, Rhode Island — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The […]


Energy, Industries

Oil price jumps on fear of Iranian retaliation against US

January 3, 2020

Via: ABC News

LONDON — The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general. News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed […]


Energy, Industries

Saudi Arabia and Kuwait Settle Dispute Over Oil Fields

December 24, 2019

Via: The New York Times

Saudi Arabia and Kuwait said Tuesday that they were ending a long-running dispute over oil fields in a strip of land between the two countries. The agreement was reported in a Twitter message by the Saudi oil ministry and on […]


Energy, Industries

Oil edges higher, extending trade-inspired gains

December 17, 2019

Via: Market Watch

Oil futures saw small gains early Tuesday, building on a rally that took crude to a three-month high in the previous session in the wake of a “phase-one” U.S.-China trade deal. West Texas Intermediate crude for January delivery CLF20, +0.47% […]


Energy, Industries

Failure to Tackle Climate Change Will Mean Economic Disaster, UN Chief Says

December 12, 2019

Via: Fortune

United Nations Secretary-General Antó nio Guterres urged countries and companies Thursday to tackle climate change, saying failure to do so would mean “economic disaster.” Speaking at the annual U.N. climate meeting in Madrid, Guterres said fears that measures to cut […]


Energy, Industries

Saudi Aramco Shares Surge in Trading Debut

December 11, 2019

Via: The New York Times

Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil giant’s status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a $2 trillion […]


Energy, Industries

OPEC nations grapple with oversupply of oil

December 4, 2019

Via: ABC News

The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Thursday. The […]


Energy, Industries

Oil prices extend rally as cautious trade-pact optimism provides a floor

November 27, 2019

Via: Market Watch

Oil prices edged higher Wednesday, on a path for a fifth gain out of six sessions, as cautious optimism for a trade pact between the U.S. and China has propped up commodities prices and sent stock markets to records. Crude-market […]


Energy, Industries

Oil pulls back from 2-month high, but on track for weekly gain

November 22, 2019

Via: Market Watch

Oil futures pulled back modestly Friday from a two-month high, but remained on track for a weekly rise on growing expectations the Organization of the Petroleum Exporting Countries and its allies will agree to extend production cuts when they meet […]


Energy, Industries

Oil struggles to build on last week’s gains

November 18, 2019

Via: Market Watch

Oil futures edged lower in quiet trade Monday, as bulls struggle to build on gains seen last week on rising optimism over prospects for a so-called phase one U.S.-China trade deal. West Texas Intermediate crude for December delivery CLZ19, -0.83% […]