|Day's range||55.48 - 57.55|
The private sector is accelerating efforts to meet rising energy demand in the Philippines, with LNG import and processing capacity being fast-tracked as supplies dwindle
Venezuela's oil minister is blaming a fire at an important oil pumping station on opponents of President Nicolas Maduro. Maj. Gen. Manuel Quevedo says Tuesday's fire at the Ero Station in Venezuela's Orinoco ...
The new policy could impact Glencore’s mining peers, and its effects could ripple up the chain all the way to Glencore suppliers.
The Zacks Analyst Blog Highlights: Jones Energy, Par Pacific, Phillips 66, Ultrapar and Sunoco
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! It is not uncommon to see companies perform well inRead More...
The discount widened as Enbridge said that crude shipments through the heavy oil pipelines of its Mainline, which is the largest Canadian oil export pipeline system, would be apportioned 41 percent in March, up from 39 percent in February. The system carries oil from Alberta to Superior, Wisconsin, where it connects to other lines linked to refineries in the U.S. Gulf Coast.
It’s only a few months ago that the world’s biggest commodity trader was promoting coal as – don’t laugh – a viable part of global emissions-reduction plans. Now Glencore Plc, the largest supplier of thermal coal to the international market, is promising to cap production for the foreseeable future at around current levels of 145 million metric tons a year, David Stringer of Bloomberg News reported Wednesday. Anglo American Plc attempted to sell all its coal assets during its abortive restructuring in 2016, but gave up because no one was willing to buy them at a price it found acceptable.
Customs officials are taking longer to clear Australian coking coal imports, especially in northern regions, Han Lei, an analyst at China Coal Transport & Distribution Association, said on Wednesday. A few southern ports have started to slow approvals of thermal coal from Australia as well, he said. The measures, in place since last month, come as political tensions simmer between Australia and China, its biggest trading partner.
Stocks were also driven higher by a rising sentiment that trade negotiations between the US and China would produce a good outcome. The markets will continue to buy the rumor and will likely sell the fact, so traders should be ready to take profits once an agreement is reached.
Occidental Petroleum (OXY) reported fourth-quarter earnings that came above the Zacks Consensus Estimate, while Royal Dutch Shell plc (RDS.A) agreed to acquire German battery maker sonnen.
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Futures in New York on Monday rose to the highest intraday level since Nov. 20, after advancing 5.4 percent last week. Prices were also supported as Saudi Arabia pledges to cut its crude output beyond the level agreed with OPEC+ producers. "OPEC+ supply cuts are in the driving seat of further recovery in oil prices with Saudi Arabia leading by example," said Giovanni Staunovo, a commodity analyst at UBS Group AG in Zurich.
Oil prices are nearing a three-month high as physical crude markets appear to be growing tighter and traders are more confident about a U.S.-China trade deal
Oil companies that have focused on boosting production or increasing reserves have not fared as well as companies that focused solely on shareholder returns according to a new study
(Bloomberg Opinion) -- I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter. OK, I’m actually on two legs, but they are on one ski. I tend to wobble a lot and to fall over much more than I would like. It sort of reminds me of the current state of the OPEC+ oil deal that was updated in December. That is also standing on a single leg and starting to look a bit shaky.
It’s been a great week for oil bulls as fears relating to the U.S.-China trade war have diminished while supply outages and reductions have made headlines
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week, as oil prices cemented gains on Friday afternoon
Energy Portfolio Gains on Oil's Rise(Continued from Prior Part)US equity indexesOn February 7–14, US equity indexes had the following correlations with US crude oil March futures:the Dow Jones Industrial Average (DIA): 59.7%the S&P 500
Energy Portfolio Gains on Oil's RiseHighest level in 2019On February 14, US crude oil March futures rose 0.9% and settled at $54.41 per barrel. At 5:05 AM EST on February 15, US crude oil futures rose by 13 cents—less than a dollar from the
Theresa May’s troubles continue to pin back the Pound and the stats have provided little help. More swings on the cards later today.
Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2744.75.
The St. Louis-based company said it had profit of $4.44 per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings ...
Gold is regarded as immune to changes in economic activity and hence steady fund flow from investors who wish to avoid loss of funds owing to geopolitical events keeps the price steady above $1300 handle.