Category: Energy

April 24, 2019

European markets gave back much of Tuesday’s gains as strong earnings elsewhere could not offset oil companies’ retreat. How did markets perform? The Stoxx 600 SXXP, +0.09% was down 0.1% to 390.9, after rising 0.2% on Tuesday. Germany’s DAX DAX, […]

April 16, 2019

Oil futures put in a mixed performance Tuesday as investors looked ahead to data on U.S. crude inventories and kept an ear out for any hints from OPEC and its allies on the fate of production cuts. The U.S. benchmark, […]

April 12, 2019

Chevron on Friday announced plans to acquire oil and gas exploration and production company Anadarko Petroleum in a cash and stock deal valued at $33 billion. The transaction will give the second biggest U.S. energy company a boost in shale […]

April 10, 2019

Oil futures prices firmed early Wednesday, trending back near the five-month closing highs reached earlier this week, as investors digested a monthly OPEC report that showed significant March output cuts by the cartel and its allies. OPEC’s oil production fell […]

April 8, 2019

Saudi Energy Minister Khalid al Falih expects robust demand for state oil giant Saudi Aramco’s first-ever bond issuance, the deal for which is expected to close on Wednesday. Demand for the bond should be “north of” $30 billion, al Falih […]

April 1, 2019

The price of an average gallon of regular gasoline is surging nationwide, driven mostly by rising oil prices. Over the past month, the average is up almost 12% to $2.69. In four states, the price has increased to over $3 […]

March 29, 2019

Global oil markets are set to post their best returns in a decade after OPEC led cuts and continued sanctions boost prices. West Texas Intermediate (WTI) is set to post its best return since 2009, says Bloomberg, despite recent contributions […]

March 20, 2019

OPEC’s supply cuts and U.S. sanctions against Iran and Venezuela will push the oil market into undersupply and boost the cost of crude in the coming months, Morgan Stanley forecasts. The investment bank previously said oil prices were more likely […]

March 18, 2019

Oil futures slumped Monday but were well off the lowest levels of the day as the market continued to assess the state of supply. The Organization of the Petroleum Exporting Countries and its allies said Sunday they were deepening their […]

March 15, 2019

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets. The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling […]