Category: Energy

February 12, 2019

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 […]

February 5, 2019

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 […]

February 4, 2019

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 […]

January 29, 2019

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 […]

January 22, 2019

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%, […]

January 11, 2019

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 […]

December 28, 2018

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 […]

December 12, 2018

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 […]

December 7, 2018

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 […]

December 6, 2018

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 […]