Global Oil Glut Could Push Down Crude Prices Further: Report
Global stockpiling of oil hit a 10-year peak with crude prices firmly below the $50 per barrel level this year, according to a report by the International Energy Agency.
Obama Rejects Keystone XL Pipeline, Ending Years Of Review, Debate Over Environmental Concerns
Environmental activists and Democrats had been hoping the president would reject the project before global climate talks in Paris this month.
Will Obama Reject TransCanada's Keystone XL Pipeline Request To Suspend Permit Application? Here's Why It Matters
TransCanada's request to suspend its Keystone XL application was interpreted by many as an admission that the company expected a rejection from President Barack Obama.
How Will Federal Budget Deal Affect US Oil Security?
Experts say the reserve of 695 million barrels helps prevent volatility in crude oil markets and has a part in maintaining the global oil balance.
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Keystone XL Pipeline Dead? What Canada's New Liberal Government Means For Stalled Oil Project
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Crude Oil Prices Soar 27% In Biggest 3-Day Rally Since 1990
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Crude Oil Outlook Remains Bleak Despite Slight Recovery From 6-Year Lows, Brent Now At $43 A Barrel
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US Crude Oil Prices Tumble Below $40 For First Time Since Global Economic Crisis
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Iran Deputy Oil Min Says OPEC Unlikely To Cut Output
Saudi Arabia-led OPEC decided at a meeting in November to maintain output and keep global markets amply supplied.
Oil Prices Fall As Iran, World Powers Seek Nuclear Deal
A Singapore-based brokerage firm expects oil prices to fall further in the second quarter.
US Crude Prices To Fall To $40 A Barrel: Goldman Sachs
Oil prices had risen in January and February after falling by almost two-thirds over the last year.
Crude Oil Price Skid Isn’t Lubricated By Supply And Demand, Bank for International Settlements Says
Debt in the crude-oil industry may be a major factor in the collapse of the commodity’s pricing, the Bank for International Settlements says.
Sensex Slumps 3% Amid Global Risk Aversion
The BSE Sensex and Nifty fell over 3 percent, posting their biggest daily loss since the rupee crisis in 2013.
OPEC Oil Dispute: Iran Calls On Saudi Arabia To Address Plunging Prices, Warns Inaction Is A 'Serious Mistake'
“Saudi Arabia can take a step to have a productive role in this situation,” a top Iranian official said.
‘Fundamentals’ Aren’t Greasing Crude Oil Price Slide: OPEC Chief
"The fundamentals should not lead to this dramatic reduction [in price]," OPEC Secretary General Abdullah al-Badri says Sunday.
Iran's Hassan Rouhani: Falling Oil Prices A 'Conspiracy' As OPEC Infighting Continues
“Iran and people of the region will not forget such conspiracies," the Iranian leader said on Wednesday.
Gold Tumbles After Swiss Referendum, Oil Hits Five-Year Low
Many traders expect the ECB may signal further action later this week to ward off deflation.
Crude Oil Does The Limbo: How Low Can It Go?
Crude oil’s price per barrel breathtakingly plunged to $66.15 Friday from $107.95 June 20, a dizzying drop of -$41.80, or -38.72 percent.
Brent Falls To Four-Year Low As OPEC Production Cut Looks Unlikely
Some fund analysts have said that oil prices could slide to $60 per barrel if OPEC does not agree to a significant output cut.
Jindal Steel Shelves $10B Project After Coal Setback
India is a big importer of crude oil that is refined to make diesel and petrol.
ISIS Funding Has Diversified Sources, Group Equipped To Continue Fighting For Two Years: UN
ISIS is estimated to be the world’s wealthiest terrorist group and is said to have an arsenal matching that of a conventional military force.
Keystone XL Pipeline Fails To Win Senate Approval
The Senate failed to approve the controversial Keystone XL pipeline. But Obama is likely to see it on his desk in the New Year.
As Senate Readies Keystone XL Pipeline Vote, Debate On Existing Gulf Coast Section Simmers In Oklahoma And Texas
The U.S. Senate will vote Tuesday on a bill that could approve the Canada-to-U.S. oil pipeline. In the South, some are looking for the jobs.
Immigration, ISIS And Keystone: What To Watch In Washington This Week
On Tuesday, the Senate will vote on a bill that would authorize the construction of the Keystone XL pipeline.
Global Stocks Fall, Oil Dips As Japan Slips Into Recession
Data on Friday showed euro zone economic output expanded more than expected in the third quarter but remained weak.
Keystone XL Pipeline Approval Clears House, Heads to Senate
The Keystone XL pipeline was passed, again, by the House. But this time it's actually going to get a vote in the Senate.
Is China Supporting North Korea's Military Through Disguised Crude Oil Exports?
China may be covertly supporting North Korea's military despite taking a harsher stance on the nation at the U.N.
US Power Plants Struggling To Rebuild Coal Supplies As Booming Crude Oil Shipments Jam Nation's Railways
The shortage is forcing utilities in several states to shut down coal plants in an attempt to preserve their stockpiles ahead of the winter.
Wall Street Week Ahead: Investors Await FOMC Meeting, US Q3 GDP Data
U.S. stocks closed mixed on Monday ahead of the Federal Reserve's monetary policy announcement later this week.
China Goes On A Crude-Oil Buying Spree As Global Prices Tumble To $85 A Barrel
China's state-run oil firm has bought 18 million barrels of crude oil so far this month, traders say.
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