News
Pesky Supply and Demand Law Hinders Trump's European Gas Dream
The U.S. will become a massive seller of liquefied natural gas, but President Donald Trump’s “massive buyer” will likely be Asia, not Europe.
News
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions.
News
Brent oil falls four percent to three-month low as supply outage concerns ease
Oil prices slumped about $3 on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
News
Oil rises but declines for the week as supply concerns ease
Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.
News
Brent oil rises on concerns about spare capacity
Brent crude strengthened late on Thursday, recouping some of its losses from the previous session, as market focus returned to concerns about spare capacity following a warning from the International Energy Agency (IEA).
News
Higher oil prices to spur Farnborough jet orders: IBA
Global planemakers could reap 900 orders and commitments at next week’s Farnborough Airshow, down only slightly from last year’s comparable event, as strong oil prices prompt airlines to add to their bulging order books, aviation consultancy IBA Group said.
News
Aramco more resilient to oil slump than listed rivals: accounts
Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant’s finances ahead of a proposed flotation.
News
Trump to OPEC: 'Reduce pricing now!'
U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.
|