- Brent Crude Near a Golden Moment After The Crash of 2014
May 11, 2016
The average price for Brent crude over the past 50 days is set to rise above its 200-day average to form a pattern known as a golden cross that’s typically seen as a sign of bullishness.
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- Venezuela's power struggle a race against time: Fuel for thought
May 09, 2016
Venezuela’s oil industry is at risk of grinding to a halt, along with the rest of the nation, as El Guri, Venezuela’s largest hydroelectric power facility, could see a drop in output of 3,800 megawatts if eight of 18 turbines are shut down.
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- As Saudi Arabia looks beyond oil, its fight to remain top exporter intensifies
May 09, 2016
Even as Saudi Arabia attempts to reduce its dependence on oil, the kingdom’s economic battle over the oil market with Iran, Russia and others is intensifying, a contest that OPEC officials say won’t settle down until geopolitical rifts in the Midd...
- Specter of gasoline, diesel glut reverses oil's gains
May 09, 2016
A growing overhang of gasoline and diesel fueled a sharp sell-off in oil futures on Monday that reversed a recent rally over the wildfires in the heart of Canada's oil sands region, traders and analysts said.
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- Saudi Arabia slides as King of Asia's oil suppliers
May 08, 2016
Saudi Arabia’s crown as top crude supplier to Asia—home to some the world’s biggest and fastest-growing oil consumers—is slipping.
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