oil

The US is poised to become the world’s largest oil producer in 2019, the International Energy Agency said, with a stellar output from shale fields offsetting robust demand growth and supply cuts by other producers. US...

 Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East....

Getting rid of massive subsidies for oil, gas and coal will not significantly curb carbon pollution or speed the transition to a greener global economy, researchers said Wednesday, challenging widely held assumptions. “Unfortunately, it is not...

Oil traders expect a price of $80 dollars per barrel for “future oil contracts” during 2018 according to media sources. But clouds of uncertainty are still enveloping the oil markets amid a slow recovery in oil prices....

News Hour: Oil prices were about 1 percent higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles...

News Hour: Oil pared earlier losses on Monday, resuming its longest stretch of daily rallies in more than five years after data pointed to moderating U.S. output, though analysts said news of rising OPEC production could...

News Hour: Thirty percent of investments planned by oil and gas majors over the next decade could be wasted if the world economy retools to cap global warming at two degrees Celsius, researchers warned on Wednesday....

News Hour: Oil producers within and outside OPEC are expected on Thursday to extend a deal cutting output aimed at lifting the price of crude, but US rivals could spoil the party. Last November members of...

News Hour: Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however is...

News Hour: When it comes to using X-rays to check a woman’s reproductive system in search of a cause for her infertility, oil turns out to be better than water. A new study concludes that when...