The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
Treaty Energy Corporation (OTCQB: TECO), a growth-oriented international energy company, today announced plans to expand its oil and gas field development operations in Tuscola, Texas and provided a material update on all other current ...
In a panel discussion on fuel surcharges at the CITT's National Conference on Supply Chain & Logistics today, Lou Smyrlis, editorial director of Truck News, asked shippers, carriers, and oil industry experts to weigh in on the discussion ...
Tags: Transportation, shipping, auto
Oil prices were little changed Monday as traders awaited U.S. crude inventories data for last week. Energy Information Administration (EIA), the Energy Department' s statistical arm, will on Wednesday release its report covering U. S. ...
Tags: Oil, Metallurgy, Mineral, Energy
Japan's Minister of Economy, Trade and Industry, Toshimitsu Motegi, Thursday asked visiting US energy secretary Ernest Moniz to move forward the two countries' bilateral agreement on methane hydrate cooperation, a METI source said. The ...
Tags: Metallurgy, Mineral, Energy
U.S. crude-oil futures dropped to a four-month low Wednesday after government data showed inventories rose more than expected last week. The Energy Information Administration said crude oil stocks rose by 4.1 million barrels, compared ...
Tags: crude oil, Oil, Metallurgy, Mineral, Energy
Among other inconveniences, Washington's shutdown could make it harder to keep track of what is going on in a place just over 1,000 miles away from it: Cushing, Okla. Cushing, where several major pipelines meet, is where oil futures are ...
Tags: Oil Prices, Mineral
China will slash the per-tonne retail prices of gasoline by 245 yuan (39.84 US dollars) and that of diesel by 235 yuan, starting from Monday, the country's top economic planner said on Sunday. The adjustment will lower the benchmark ...
Tags: Retail Fuel, Energy
Oil prices declined Wednesday as a government report showed US crude supplies grew last year by the most in a year. The Energy Information Administration (EIA) said US crude supplies increased by 6.8 million barrels to 370.5 million ...
Tags: Oil Prices, Ample Supplies
Investment in equipment and software is expected to grow 3.3% in 2013, according to the Q4 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. Equipment and software ...
Russia's President Vladimir Putin warned world leaders at the G20 Summit that economic risks remained. "Our main task is returning the global economy towards steady and balanced growth. This task has unfortunately not been resolved. ...
Tags: Economic Crisis, economy
The Markit Eurozone PMI Composite Output Index rose to a 27-month high in September, signalling the largest rise in activity since June 2011, according to the flash estimate. The flash PMI rose for the sixth consecutive month, up from 51.5 ...
Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices. The moving average of a basket of crude oil prices, to which China's refined oil prices are pegged, dropped 3.23 percent ...
Tags: Refined Oil, Crude Oil
Oil Markets are currently balanced and inventories are at excellent levels, but the geopolitical situation is having an impact on prices, Saudi Oil Minister Ali al-Naimi said Tuesday. "The market is in a very good position, supplies are ...
Tags: Oil Markets, Syria crisis
Oil prices dropped Monday as investors paid close attention to speeches from Federal Reserve officials for clues on monetary policies. New York Fed President William Dudley on Monday defended the Fed's decision not to trim its massive ...
Tags: Oil Prices, Fed Tapering Fears