Category: Energy

October 9, 2020

Oil futures lost ground early Friday, but the U.S. benchmark remains on track for a 10% weekly advance as Hurricane Delta nears landfall on the U.S. Gulf Coast and a strike curtails a large chunk of Norway’s crude output. Oil […]

October 2, 2020

Amid the market turmoil, oil prices sank Friday morning during European trade, as President Trump’s positive test for COVID-19 weighed on investors at a time when crude prices are already struggling with excess supply. While equities stabilized somewhat, crude fell, […]

September 28, 2020

Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe. Those concerns were amplified after major energy officials said that they […]

September 23, 2020

Oil futures attempted to gain ground Wednesday, with crude trying to find some support after data from an industry trade group showed a fall in fuel inventories. The moves for crude comes as Wall Street looks to extend a bounce, […]

September 18, 2020

Oil futures pulled back Friday, but remained on track for big weekly gains after jumping in the previous session as Saudi Arabia’s energy minister took a stern tone on compliance with OPEC+ production curbs and dared speculators to short crude. […]

September 14, 2020

LONDON — Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday as it cut its forecasts. OPEC cut its estimates for world […]

September 11, 2020

Oil futures were mixed Friday, and remained on track for a second consecutive weekly loss as worries over the outlook for demand continued to weigh. West Texas Intermediate crude for October delivery CL.1, -0.51% CLV20, -0.51% rose 11 cents, or […]

September 8, 2020

Oil futures fell Tuesday to their lowest levels since June, unable to shake off worries about crude demand due to a continued rise in coronavirus cases, the end of U.S. summer holiday driving season and a report that Saudi Arabia […]

September 3, 2020

On Aug. 21, Turkey President Recep Erdogan announced the discovery of some 320 billion cubic meters of natural gas in the Tuna-1 fields in the Black Sea—roughly seven times the volume of gas Turkey imported in 2019. Erdogan claims the […]

August 26, 2020

Oil and gasoline futures pulled back Wednesday, a day after hitting five-month highs, as Hurricane Laura forced the shutdown of most Gulf of Mexico crude output and traders awaited the latest figures on U.S. petroleum inventories. West Texas Intermediate crude […]