Category: Energy

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 […]

July 19, 2019

Oil futures remained on track for a steep weekly fall but traded higher early Friday, a day after the U.S. said it shot down an Iranian drone in the Strait of Hormuz, stoking worries that rising tensions between Washington and […]

July 10, 2019

Oil prices shot higher Wednesday, working toward a string of five uninterrupted daily gains, as preliminary U.S. data showed a larger-than-expected drop in supply. The price gain was also due to several companies having “evacuated and reduced production at their […]

July 9, 2019

Many Americans dread having to pay their electricity bills, especially in the summer. Keeping the lights on, phones charged, and air conditioning running is an expensive but necessary cost. In most states, people pay over $111 a month for electricity. […]

July 1, 2019

U.S. oil prices snapped back with modest gains Monday, building on the more than 9% jump for the month of June, as major producers said they’ll hold back in pushing more oil onto the global market. August West Texas Intermediate […]

June 19, 2019

Oil futures turned higher Wednesday after a U.S. government snapshot of crude supplies revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The market also digested news that the Organization of the Petroleum Exporting Countries and their […]

June 13, 2019

The price of oil surged on Thursday after a suspected attack on two tankers in the Gulf of Oman. One of the vessels, Front Altair, was “suspected of being hit by a torpedo,” according to the Associated Press, citing Taiwan’s […]

May 24, 2019

Oil prices slumped more than 5% on Thursday, leaving them poised to record their biggest weekly fall this year. The decline reflects a cocktail of factors including disappointing American manufacturing data, rising US shale production, softer demand from refineries, and […]