The rally in oil prices – jumping by around 10 percent in a week – took a breather at the start of this week, as…
After weeks of floundering in the mid-$40s per barrel, a new rally for crude oil got underway this week. WTI jumped to $50 per barrel…
Crude prices are off to a good start this week, jumping by more than 2 percent on October 5 following several pieces of bullish news.…
Despite the volatility, which has become the norm, oil prices close out the week not much changed from Monday. After growing evidence that U.S. supply…
The major news from the week is Royal Dutch Shell’s (NYSE: RDS.A) decision to scrap its Arctic drilling program. The future of oil development in…
Iran announced a decision to push back a key oil conference where it had planned to reveal new contracts for doing business in Iranian oil…
The International Atomic Energy Agency (IAEA) says that Iran is on track with its obligations under the landmark nuclear agreement reached in July. The head…
The Federal Reserve decided to leave interest rates unchanged, a move that had become increasingly expected as the Fed meeting drew closer, due to low inflation…
The business climate is only getting worse in Iraq for the handful of international oil companies operating in the war-torn country. The Iraqi oil ministry…
The extreme volatility that struck the oil markets in late August and early September have calmed a bit – but just a bit. Oil fell…
The British government said over the weekend that it would support airstrikes in Syria, targeting Islamic State militants. And the French government has made similar…
After bouncing around, oil prices finished off the week with just a bit less volatility than when it started the week. WTI stayed at around…
If you think you know what will happen next with oil prices, think again. Nobody would have predicted the wild ride last week. After cratering…
Readers probably have whiplash after the wild ride this week. On Monday, global markets crashed at frightening speeds, with oil prices spiraling out of control.…
The worldwide stock market crash on August 24 – dubbed “Meltdown Monday” – was the worst sell off for many indices in years. The turmoil…
The bear market continues. Another week, another significant loss for oil prices. WTI neared breaking through the psychologically important $40-per-barrel threshold, as a litany of…
The U.S. government gave Royal Dutch Shell (NYSE: RDS.A) the final go-ahead for it to drill in the Arctic. For several weeks, although Shell had…
Oil prices dropped to new six-year lows this week as WTI dipped below $42 per barrel. The big piece of news this week was the…
Bouncing off of four-month lows, oil prices rose a bit on August 10, as WTI tried to climb back to $45 per barrel and Brent…
Second quarter earnings have largely reflected the depressed market conditions, with revenues down by significant margins across the board. From the oil majors on down…