-
By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
-
By Ben Sharples |
March 18, 2013
West Texas Intermediate oil traded near a one-month high as tension eased over a bank tax in Cyprus.
-
By Mark Shenk, Bloomberg |
February 28, 2013
OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices.
-
By Wael Mahdi and Grant Smith, Bloomberg |
January 10, 2013
Saudi Arabia, the world’s largest crude exporter, reduced production to the lowest in 19 months as booming U.S. output and recovering shipments from Iraq threaten to oversupply the global oil market.
-
By Phil Flynn |
January 10, 2013
While the weather in China is very cold, it appears their economy is starting to get red hot. China’s export growth exploded, rising 14% in the month of December. Because of that petroleum demand, expectations are rising.
-
By Asjylyn Loder, Anthony Dipaola and Grant Smith, Bloomberg |
December 13, 2012
Whether crude costs $60 a barrel or twice that amount, the U.S. is almost free of depending on imported energy and positioned to supplant Saudi Arabia as the world’s No. 1 producer of oil.
-
By Grant Smith, Fred Pals and Nayla Razzouk, Bloomberg |
December 12, 2012
OPEC kept its production target unchanged for a second time this year as the group’s members judged prices are sufficiently high amid forecasts that supply will outpace demand for their crude in 2013.
-
By Ayesha Daya, Bloomberg |
November 13, 2012
The International Energy Agency lowered its world oil-demand forecast for this quarter for a second time, citing weakness in Europe’s economy and disruption to U.S. fuel delivery and travel by Hurricane Sandy.
-
By Mark Shenk, Bloomberg |
September 19, 2012
Oil tumbled to a six-week low after U.S. crude inventories surged the most since March as production and imports rebounded from Hurricane Isaac.
-
By Ayesha Daya and Fred Pals, Bloomberg |
June 14, 2012
OPEC will probably maintain its production ceiling as concern that global growth is shrinking outweighs calls for supply cuts to stem sliding crude prices, six of the group’s 12 oil ministers said.
