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Jackie DeAngelis reports on crude’s big run and what we could expect to see next in the commodities market.
President Donald Trump is expected to announce he will no longer continue suspending sanctions that target Iran’s oil exports.
Helima Croft, RBC’s global head of commodity strategy, discusses why geopolitics are back with a vengeance.
The electric vehicle market is tiny, but it’s created some very big questions about the future of gasoline demand. Morgan Stanley analysts Wednesday issued a forecast for global miles driven rising to 32 trillion by 2030, up from 11 trillion currently, with emerging markets a big driver of the growth. They say that forecast is …
Jackie DeAngelis takes a look at what to expect in oil and gasoline next year.
Most of the world’s major oil companies are trying to reduce their presence in Venezuela but one small American firm is eager to work there.
Chevron on Friday reported earnings of $1.03 per share on revenues of $36.21 billion, both up from last year.
Exxon Mobil reported it earned 93 cents per share on $66.2 billion in revenue, beating estimates on both the top and bottom line.
A default at Venezuelan oil giant PDVSA or sanctions on Iran’s energy sector could jolt crude prices higher, Helima Croft said.
U.S. oil production will crack a nearly 50-year record in 2018, rising to 10 million barrels a day, the EIA forecast.
The U.S. oil industry exported a record 1.3 million barrels of crude oil per day onto the world market last week, according to U.S. data.
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
It looks like the S&P 500 and crude oil are starting to pay closer attention to each other.
OPEC faces a serious price crash if it doesn’t put the best face possible on its production deal and extend it when it meets in May.
The investment bank expects high compliance for production cuts by OPEC members as well as non-member countries.