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Category: Energy


Energy, Industries

OPEC daily production falls by about 800,000 barrels, according to monthly report

February 12, 2019

Via: Market Watch

OPEC significantly reduced its crude-oil production in January, making good on its latest deal to curb output and rebalance an oversupplied market, the oil cartel said Tuesday. In its closely watched monthly oil market report, the Organization of the Petroleum […]


Energy, Industries

US sanctions on Venezuela could lead to higher gas prices

February 5, 2019

Via: Business Insider

A US crackdown on foreign oil exports could lead to higher prices at the pump. The Trump administration said last week it would impose sanctions against Venezuela’s state-owned oil industry in an attempt to cripple the government of President Nicolas […]


Energy, Industries

Oil futures drop after touching highest intraday level of 2019

February 4, 2019

Via: Market Watch

Oil futures dropped on Monday, after briefly touching their highest intraday levels of the year, with prices looking to give up much of the gains they scored last week. “Crude prices hit new highs for 2019,” said Phil Flynn, senior […]


Energy, Industries

Cost to taxpayers to clean up nuclear waste jumps $100 billion in a year

January 29, 2019

Via: NBC News

WASHINGTON — The estimated cost of cleaning up America’s nuclear waste has jumped more than $100 billion in just one year, according to a DOE report — and a watchdog warns the cost may climb still higher. The Energy Department’s […]


Energy, Industries

Oil slumps on renewed global growth fears

January 22, 2019

Via: Market Watch

Oil futures slumped Wednesday, under pressure after a warning from the International Monetary Fund and weak economic data out of China underlined concerns about global economic growth. West Texas Intermediate crude for February delivery CLG9, -1.71% fell $1.01, or 1.9%, […]


Energy, Industries

Oil set for the longest winning streak in 30 years as traders bask in improved US-China sentiment

January 11, 2019

Via: Business Insider

The wobbles in stock markets have been grabbing all the attention lately, but meanwhile, oil is enjoying a stunning rally into the new year. Oil traders are factoring in an improvement in US-China trade relations and continued efforts by OPEC […]


Energy, Industries

Why Cheap Oil Is Bad News for Workers in Texas

December 28, 2018

Via: Fortune

Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas. Changes in Texas job growth tend to lag big […]


Energy, Industries

Oil prices gain on sign of U.S. inventory dip

December 12, 2018

Via: Market Watch

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 […]


Energy, Industries

OPEC ministers, Russia, meeting for oil production cut talks

December 7, 2018

Via: ABC News

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 […]


Energy, Industries

Saudis to Press OPEC for a Million-Barrel Cut in Oil Production

December 6, 2018

Via: The New York Times

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 […]