Oil prices have jumped to levels last seen in 2014, after the United States decided to re-impose sanctions on Iran, threatening to tighten global oil markets and likely to derail billions of dollars in business...
Oil has fed Dubai’s explosion into one of the most conspicuously wealthy cities in the world. Now, it says it wants to cut emissions – but can it source enough water without fossil-fueled desalination? In...
Brent crude oil prices have risen almost 20% starting September and there seems to be no fundamental reason for this rise. Much of the rise has been fueled by speculations over geo-political developments in the...
Rising oil prices traditionally boost inflation expectations and US interest rates. The May futures contract for light sweet crude oil is up today for the sixth consecutive session. It has risen 11 of the past...
Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details....
Every global automaker is furiously working on a lineup of electric vehicles. Many of them already have a model in their showrooms. Billions are poured into it every year. Electric cars are cheaper and simpler...
“The worst is over.” That has been the meme in the oil business in the second quarter. Folks in Houston’s and Calgary’s office sector, companies that supply the oil patch, and everyone else associated with...
Tehran will not participate in an output cap agreement to stabilize oil prices, said Iran’s oil minister. Analysts warned that OPEC’s failure to strike a deal could have a severe impact on oil markets. Qatar’s...
Since mid-January, crude oil prices on the international market have increased markedly. Just three weeks ago, a barrel of the benchmark North Sea Brent oil was going for less than $29. Now the price has...
The price of oil has gone from bad to worse in the new year, plumbing lows not seen in over a decade. The commodity’s performance has raised interesting questions about the effect it has on...
In a bid to shore up the Middle East nation’s finances battered by the global slump in crude prices, Saudi King Salman has pledged to diversify the country’s economy and veer off its heavy dependence...
Many observers conclude OPEC is dead. Oh, its demise has been claimed before, but after the oil cartel failed to provide a quota (output goal) in last week’s statement, the claim has been given new...
