LONDON, Dec 10 The weakening outlook for oil consumption coupled with rising output from U.S. shale and softer than expected U.S. sanctions on Iran have convinced most traders the market is moving into a period of oversupply.
LONDON The weakening outlook for oil consumption coupled with rising output from U.S. shale and softer than expected U.S. sanctions on Iran have convinced most traders the market is moving into a period of oversupply.
LONDON Global coal consumption is set to remain steady in absolute terms through the middle of the century, even as its relative share of total energy consumption declines in favor of oil, gas and renewables.
LONDON, Dec 5 U.S. crude oil reserves hit record levels at the end of 2017, as annual reserve additions outstripped production for the eighth time in nine years, government data published last week shows.
LONDON U.S. crude oil reserves hit record levels at the end of 2017, as annual reserve additions outstripped production for the eighth time in nine years, government data published last week shows.
LONDON, Dec 3 Hedge fund managers had largely completed the recent wave of selling in crude oil futures and options by the middle of last week but there were heavy sales of derivatives linked to middle distillates.
LONDON Hedge fund managers had largely completed the recent wave of selling in crude oil futures and options by the middle of last week but there were heavy sales of derivatives linked to middle distillates.
LONDON, Nov 29 Saudi Arabia’s energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week’s meeting of OPEC and non-OPEC oil producers in Vienna.
LONDON Saudi Arabia’s energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week’s meeting of OPEC and non-OPEC oil producers in Vienna.
LONDON, Nov 27 Hedge fund managers continued to exit from their former bullish positions in crude oil and fuels last week but the worst of the selling may be over, which has helped steady futures prices.
Saudi Arabia early on Monday rejected "the position expressed recently by the United States Senate", saying that the Jamal Khashoggi murder is a crime that does not reflect the policy of the kingdom, a statement by Saudi's foreign ministry said.