A reduction would show the market is finally reversing course after years of stock builds that left a worldwide overhang of half a billion barrels of crude oil and refined products. Supplies have remained stubbornly high for months, disappointing …
Crude oil futures plunged Monday along with global stocks as the U.S. dollar rallied on expectations of interest rate hikes. Friday's strong jobs report for January will likely compel the Federal Reserve to raise interest rates at least three times …
Norway raked in money from oil in the past. But now the country’s Norges Bank, which manages its $1 trillion sovereign wealth fund – the world’s largest – is recommending the government dump fossil fuel stocks. They said the move “will …
Toronto, Ontario--(Newsfile Corp. - January 18, 2018) - Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", "Advantagewon", "AOC") announced announces that it has granted stock options to purchase up to …
NEW YORK (Reuters) - U.S. crude on Wednesday slid nearly 3 percent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in U.S. inventories of refined fuel suggested demand may be flagging, while U.S. …
Oil slid to a two-week low and headed for its longest losing streak in two months as a plunge in global equities dragged other markets lower. Crude futures in New York fell a third day, sliding as much as 1.6 percent. Stock indexes from …
Crude Oil Prices Test 2003 Lows: What Does It Mean for Investors? (Continued from Prior Part) API and Genscape: Cushing crude oil stocks On February 11, 2016, Genscape reported that Cushing crude oil stocks rose by 425,000 …
The world oil situation is in a barrel of trouble these days. Confrontation is expected at the meeting of OPEC ministers scheduled for late June. Iran, Libya and Algeria will demand higher oil prices, while Saudi Arabia and its allies seek …
SEOUL, South Korea — Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after …
President Barack Obama’s nominee to head the Interior Department owns stock in some of the nation’s biggest oil and gas companies, according to financial disclosure forms filed with the federal government ahead of a Senate confirmation …