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U.S. investment bank Goldman Sachs has lowered its forecast for the price of oil price.
A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.
A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.
U.S. stock index futures pointed to a slightly higher open on Wednesday, as investors remained cautious over choppiness in the oil market.
U.S. stocks opened Tuesday trading sharply lower as investors looked ahead to next week’s Federal Reserve meeting while keeping an eye on falling oil prices.
Central banks like the U.S. Federal Reserve will be crucial in determining the state of health of the energy sector, according to OPEC.
Oil markets are once again in the doldrums amid fears of a persistent oversupply and concerns over the slow drawdown in U.S. inventories.
Saudi Arabia’s state-run oil company has detailed plans to become the world’s leading energy and chemicals company by 2020.
“You’re going to see a much more robust Saudi Arabia going forward. There’s no question about it,” John Kilduff says.
The impact of low oil prices and energy layoffs is reverberating across Louisiana — and being felt acutely in the bayou.
Saudi Arabia confirmed on Monday that it planned to sell a stake of its state oil giant Saudi Aramco which was expected to be valued at more than $2 trillion.
Global oil prices and stock markets tumbled on Monday after major oil producers failed to agree on a deal to freeze output, but analysts are insisting that no deal is actually the best possible outcome for markets.
April is a big month for energy companies when it comes to lines of credit many of them depend on.
Oil prices could be on verge of breaking out into the $50-$70 range, according to Amherst Pierpont’s Robert Sinche.
Two years ago, when crude oil prices topped $100 per barrel, the boom in Hobbs was something to behold.