Search Results for: Crude oil prices
US now world’s biggest oil producer
July 7th, 2014
The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America said. US production of crude oil, along ...
Brent Oil Trades Near Three-Week Low on Libya Supply
July 7th, 2014
Brent oil traded near the lowest price in more than three weeks as Libya prepares to increase exports and amid speculation that Iraq’s crude supplies remain safe from violence. West Texas Intermediate was steady in New York. Futures were ...
U.S. Ruling Loosens Four-Decade Ban On Oil Exports
June 25th, 2014
The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad. In separate rulings that haven’t ...
For OPEC, the price of oil is just right, for the moment
June 12th, 2014
The world oil market has set up quite nicely for OPEC. Dramatic changes in oil production around the globe are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide ...
Oil higher in Asian trade
June 4th, 2014
Oil prices edged higher in Asia on Wednesday as investors await the latest US supply report for clues about demand in the world’s biggest crude consumer. The US benchmark, West Texas Intermediate (WTI) for delivery in July, gained eight ...
Gunmen Storm Libya Parliament as Violence Grips Oil-Producer
May 19th, 2014
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday ...
Oil extends gains above $102 on demand outlook
May 19th, 2014
The price of oil extended gains above $102 a barrel Monday on forecasts of higher global demand. Benchmark U.S. crude for June delivery was up 16 cents to $102.18 a barrel at 0620 GMT in electronic trading on the ...
Gas prices are high…
May 19th, 2014
Rumors about the demise of U.S. gasoline demand have been greatly exaggerated. Until late 2013, most energy observers forecast the world’s most reliably gas-guzzling market to consume less fuel this year. What was once thought to be a structural ...
Oil prices rose amid Ukraine tensions
May 12th, 2014
Oil rose above $100 per barrel on Monday amid renewed tensions over Ukraine. Benchmark U.S. crude for June delivery was up 13 cents to $100.12 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. ...
Angola Is Moving Into Oil’s Big Leagues As it Leaves Decades Of War Behind
April 17th, 2014
After decades of sporadic growth and political turmoil, Angola is on the verge of catapulting to the top ranks of the world’s energy economy following major deep-water production investments by several top global oil companies. On Monday, France’s Total ...
