Category: Energy

October 14, 2019

In the wee hours of a sweltering Saturday in September, a volley of missiles and aerial explosives pierced the heart of Saudi Arabia’s oil industry. The attacks knocked out about 5% of global oil production almost immediately, yet one month […]

October 3, 2019

Oil futures drifted lower Thursday, with the U.S. benchmark on track for its eighth straight daily decline as worries over global demand persist. West Texas Intermediate crude for November delivery CLX19, -1.44% on the New York Mercantile Exchange were down […]

September 24, 2019

Oil futures declined Tuesday, under pressure as traders see signs that Saudi Arabia is making progress in restoring production following attacks on processing facilities as well as concerns over the global demand picture. Prices fell toward the session’s lows as […]

September 18, 2019

Markets on Wednesday look set to open muted with “all eyes are on the Fed,” as traders wait to see what the Fed’s decision on interest rates will be on Wednesday afternoon. The consensus among economists and traders alike is […]

September 16, 2019

The loss of 5% of world crude oil output from an attack on Saudi Arabia’s largest oil processing plant pushed crude prices sharply higher on Monday. U.S. crude oil was trading 9% higher while Brent crude added more than 9.4%. […]

August 30, 2019

Oil futures fell Friday, but the U.S. benchmark remains on track for a more-than-3% weekly rise after a large fall in U.S. inventories and some cautious optimism on trade. West Texas Intermediate crude for the October delivery CLV19, -1.32% fell […]

August 23, 2019

Oil futures dived Friday morning after China announced it would impose retaliatory tariffs on $75 billion worth of imports from the U.S., including a levy on crude, amplifying concerns about the global economy and demand prospects for crude. West Texas […]

August 21, 2019

WASHINGTON — Dozens of retired miners, some in wheelchairs and using oxygen tanks to manage black lung disease, recently visited the Capitol seeking federal help for their failing pension plans. A day later, President Donald Trump traveled to the miners’ […]

August 16, 2019

U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and […]

July 22, 2019

Oil prices surged on Monday as traders braced for potential supply disruptions following Iran’s seizure of a British-flagged oil tanker last week. The Iranian Revolutionary Guard captured the Steno Impero in the Strait of Hormuz on Friday. Tehran has signaled […]