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U.S. commercial crude inventories decreased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
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As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend.
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The price for crude Monday morning is about $46 a barrel, and where it goes from there depends on the outcome of a meeting of OPEC oil ministers scheduled for Wednesday in Vienna.
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The OPEC meeting on November 30 could result in a cut of nearly 2% to the world’s daily output if Saudi Arabia gets its way. The Saudis are pushing a cut to daily production to a ceiling of 32.5...
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The government of India recently kicked off a new program to attract foreign aircraft makers to build military fighter jets for the Indian Air Force in India using the foreign companies' technology.
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For the first time in three months, the price of a barrel of West Texas Intermediate (WTI) crude oil appears set to close above $50. WTI for November delivery reached an intraday high of $50.51 and...
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On the sidelines of the G20 summit meeting in Hangzhou, the Russian and Saudi Arabian oil ministers met and agreed to create a producers’ group that would meet regularly to monitor the oil markets....
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Iran reportedly is "sending positive signals" that it may support a freeze on production at the OPEC meeting scheduled for next month.
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It turns out that there may just be a few points driving all this gold demand. And to make matters even more complex, those pressures may only get stronger ahead.
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While passenger airlines were booking strong profits in 2015 due primarily to low fuel costs, cargo carriers had a tougher time.
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BP and Russia's state-controlled oil company Rosneft have agreed to create a new joint venture to explore for oil in west and central Siberia. The venure is called Yermak Neftegaz.
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An International Energy Agency expert told CNBC on Friday that the world's two largest producers, Russia and Saudi Arabia, are expected to pump "as much oil as possible."
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U.S. drivers can expect to gasoline prices this summer to average about 22% less than last year, according to the U.S. Energy Information Administration.
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On top of news that money outflows out of Russia have slowed in 2016, Credit Suisse's emerging markets investing team has lifted its weighting for Russia.
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Low oil prices have taken a toll on U.S. producers, sending some of the smaller firms with high debt loads into the bankruptcy courts. The impact on some oil producing nations has created similar...
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