Producer cuts are set to boost the oil market in 2019, data firm projects
Crude oil will remain oversupplied in the first quarter of 2019 as the market works through stocks, said energy information provider Argus Media. Source: CNBC RSS...
Crude oil will remain oversupplied in the first quarter of 2019 as the market works through stocks, said energy information provider Argus Media. Source: CNBC RSS...
Oil prices rose on Monday amid signs that the recent price plunge in the sector could restrain supply from the U.S., though worries over the global economy continued to weigh. Source: CNBC RSS...
Electric vehicles are gaining momentum with longer driving ranges and more price ranges. Reporter Phil LeBeau goes inside Tesla’s Gigafactory where battery packs and engines are made. Beyond Tesla, both luxury and mainstream automakers are developing fully electric vehicles. We ask...
Oil prices rose on Friday on the back of signs that OPEC's production cuts, which are due to start next month, would be deeper than expected. Source: CNBC RSS...
OPEC is reportedly planning to release a table detailing voluntary supply cut quotas among its members and allies, Reuters reported Thursday. Source: CNBC RSS...
Oil prices declined on Thursday to wipe out most of their gains from the previous day, continuing a downswing seen earlier in the week amid concerns over oversupply and the global economic outlook. Source: CNBC RSS...
Poland took another step towards weening itself off Russian energy supplies on Wednesday by signing a 20-year agreement with San Diego-based Sempra Energy to import U.S. liquefied natural gas. Source: CNBC RSS...
Crude oil is trading at about $40 a barrel in the western Texas region that sits atop most of the Permian Basin, the epicenter of the U.S. shale oil boom. Source: CNBC RSS...
Oil prices stabilized on Wednesday after a "toxic mix" of market forces triggered one of the biggest falls for years. Source: CNBC RSS...
Austria's OMV is the latest firm to join an international cluster of energy multinationals helping the United Arab Emirates (UAE) in its push toward gas self-sufficiency. Source: CNBC RSS...