Economics & Oil Market News
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MARKET WATCH: Oil price decline slows ahead of Memorial Day weekend
May 24, 2013
The recent decline in oil prices slowed to a trickle in volatile trading May 23 ahead of the extended Memorial Day holiday weekend that marks the start of the summer driving season in the US. |
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MARKET WATCH: Uncertain economy pulls down oil prices
May 23, 2013
Crude prices continued falling but at a faster pace May 22, down 2% in the New York futures market on disappointing inventories, a stronger dollar, and lackluster progress in the US economy. |
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European officials, industry leaders seek energy reform
May 22, 2013
European officials and industry leaders have taken steps toward reviving energy-market reform and setting long-term targets for renewable energy. |
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MARKET WATCH: Oil prices end brief rally as dollar strengthens
May 22, 2013
Oil prices fell with front-month crude down 0.6% in the New York futures market May 21 as the US dollar rallied in expectation the Federal Reserve Bank would maintain current efforts to stimulate t...
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Deloitte: Shale gas, oil potential increasingly apparent
May 21, 2013
Oil and gas production from tight shale formations clearly is a long-term phenomenon and not a short-term trend, Deloitte LLP officials told reporters. The financial services company found growing ...
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Barclays: US gas exports to Mexico will accelerate
May 21, 2013
As the US debates exporting more plentiful natural gas from new liquefaction along the East and Gulf coasts, gas exports to Mexico in the past 3 years have doubled, according to a recent research n...
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Shell official: Innovation, cooperation key to future energy success
May 21, 2013
A combination of innovation and cooperation will be necessary to meet the world’s future energy needs, a Shell Downstream Inc. official forecast. |
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Growth easing for MENA oil exporters
May 21, 2013
Economic growth rates of oil exporters in the Middle East and North Africa (MENA) are moderating as oil production flattens in response to modest global demand, reports the International Monetary F...
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MARKET WATCH: Oil, gas prices continue to increase
May 21, 2013
Oil and gas prices continued climbing May 20 amid optimism for a US economic recovery and the prospect of increased demand for crude this summer. Natural gas was up 0.8% on forecasts for warmer wea...
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Higher gas prices unlikely under several scenarios, BPC study finds
May 21, 2013
US natural gas prices are unlikely to rise markedly under a variety of scenarios, including those with increased demand across multiple sectors, a study by the Bipartisan Policy Center’s Energy Pro...
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