Tag: Energy
Oil prices headed for second straight weekly loss on demand fears
Oil prices seen trading around $70 in near-term - RakutenSlow Chinese recovery may offset U.S. driving season demandU.S. fuel stock build erases price gains...
El Niño Is Here. Commodity Prices Could Swing.
El Niño is officially here. The weather pattern, characterized by above-average temperatures at the surface of the Pacific Ocean, could cause large shifts in...
Column: China’s imports of major commodities reflect mixed economic data: Russell
LAUNCESTON, Australia, June 7 (Reuters) - China's imports of major commodities presented a mixed picture in May, with strength in crude oil and iron...
EIA predicts record-high 2023 and 2024 U.S. oil output
The Energy Information Administration on Tuesday raised its oil-price forecasts for this year and next, and said it expects U.S. production to hit record...
Column: Investors ignore OPEC+ to focus on consumption outlook: Kemp
LONDON, June 5 (Reuters) - Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the meeting...
Saudi Arabia’s planned oil cut could lead to ‘cracks’ within OPEC+...
The outcome of a meeting this past weekend of major oil producers was somewhat surprising, but they may have expected to see a stronger...
Column: Saudi Arabia’s solo play shows mess of oil market contradictions:...
LAUNCESTON, Australia, June 5 (Reuters) - Saudi Arabia's decision to deepen its crude oil production cuts, without matching contributions from its allies, underscores how...
Chevron and Other Commodity Stocks Are Cheap. Time to Buy Soon.
Oil and copper stocks have gotten plain old cheap, and while they could always get cheaper, buying soon should pay off if the economy...
Column: China’s soft economic data will mean lower commodity imports, but...
LAUNCESTON, Australia, June 1 (Reuters) - A run of weak economic data in China is likely to show up in softer imports of key...
Oil falls after large surprise build in US crude stocks
U.S. oil stocks rise by 5.2 mln barrels - APIU.S. gasoline stocks rise by 1.9 mln barrels - APIAnalysts give mixed signals on OPEC+...