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| Oil prices plummet after Thursday's spike Daniel J. GraeberNEW YORK, Sept. 9 (UPI) -- A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia's energy minister pushed production talks off the table. 16 points by UPI | Petroleum United Press International Benchmark Peak oil Brent Crude William Randolph Hearst International News Service News World Communications |
| Oil prices extend rally after ECB rate stand-still Daniel J. GraeberNEW YORK, Sept. 8 (UPI) -- Oil prices, already rising in response to a decline in U.S. production estimates, rallied further on Thursday after the European Central Bank stood still. 14 points by UPI | European Union Petroleum Euro United Press International Eurozone European Central Bank Benchmark Peak oil |
| Rig counts up, but still lower than last year Daniel J. GraeberHOUSTON, Sept. 8 (UPI) -- Exploration and production activity in North America is on the rise, but still far below the levels seen last year, data from Baker Hughes show. 10 points by UPI | United States United Press International International News Service News World Communications North America William Randolph Hearst Benchmark Petroleum |
| Oil edges lower amid scepticism about output freeze Oil prices inched has lower as market participants remain sceptical that producers will reach an agreement to freeze output to rein in a global supply glut. -1 points by | Petroleum OPEC United Arab Emirates Saudi Arabia Brent Crude Iraq Benchmark Light crude oil |
| Crude prices rising on shrinking reserves, China demand A sharp drop in US crude stockpiles, a weaker dollar, and an increase in Chinese imports have continued to boost recent gains in oil futures. Read Full Article at RT.com 22 points by Russia Today | Petroleum Benchmark Saudi Arabia Peak oil Brent Crude OPEC Dubai Crude West Texas Intermediate |
| Oil prices get modest lift from OPEC, but pressures linger Daniel J. GraeberFeb. 16 (UPI) -- Oil prices got a modest lift early Thursday on word OPEC may be upping the production cut ante, but gains were balanced by signs of Russian production growth. 1 points by UPI | Petroleum Benchmark OPEC Saudi Arabia Brent Crude Light crude oil Peak oil Dubai Crude |
| OPEC cuts not doing the job, analyst says Daniel J. GraeberFeb. 16 (UPI) -- Production cuts from the Organization of Petroleum Exporting Countries aren't enough to cut global crude oil supplies, a market analyst said Thursday. 4 points by UPI | OPEC Peak oil Petroleum Saudi Arabia Supply and demand Oil shale Benchmark 1973 oil crisis |
| Oil prices recover lost ground after Monday's beating Daniel J. GraeberFeb. 14 (UPI) -- Tepid growth in the European economy and a recovery phase following steady losses in the previous session pushed oil prices higher early Tuesday. 2 points by UPI | Petroleum European Union Benchmark United States Peak oil Brent Crude OPEC Light crude oil |
| Pittsburgh-area gasoline prices fall to $2.56 Average pump prices in the Pittsburgh region sit around $2.56 a gallon this morning, down one cent from last week, according to GasBuddy’s survey of more than 700 stations in southwestern Pennsylvania. -2 points by Pittsburgh Post-Gazette | Petroleum Peak oil Benchmark Gasoline OPEC Filling station Price of petroleum Hydrocarbon |
| More drilling permits issued in Texas Daniel J. GraeberFeb. 13 (UPI) -- The number of new drilling permits issued in Texas last month was more than 80 percent higher than the previous year, state data show. 105 points by UPI | Petroleum OPEC Federal Reserve System United Press International Monetary policy Natural gas Benchmark Central bank |
| Stock indexes extend their climb into record heights Miners and other raw materials companies led a broad rally in U.S. stocks Friday, pushing the major indexes further into record territory. Rising crude oil prices also gave energy companies a big boost. Investors kept their focus on strong company earnings and corporate deal news. The Dow Jones... 53 points by Los Angeles Times | Benchmark Petroleum Light crude oil Dow Jones Industrial Average Mutual fund Activision Dubai Crude OPEC |
| Oil prices soar as OPEC keeps its promise to slash production Crude oil prices gained almost two percent on Friday after the International Energy Agency (IEA) reported the Organization of the Petroleum Exporting Countries (OPEC) is complying with self-imposed production limits. Read Full Article at RT.com 87 points by Russia Today | Petroleum Benchmark Saudi Arabia OPEC Peak oil Brent Crude Dubai Crude West Texas Intermediate |
| Strong company earnings drive stocks to new highs Strong company earnings put investors in a buying mood Thursday, lifting the major U.S. stock indexes to record highs. Banks and other financial companies led the rally as bond yields rose. Energy also notched big gains as crude oil prices rose. Utilities and materials lagged behind the broader... 2 points by Los Angeles Times | Stock market index Benchmark Petroleum Light crude oil Dow Jones Industrial Average Stock market Index fund Yum! Brands |
| US stock indexes move higher, renewing record highs U.S. stock indexes were trading at record highs Thursday as investors weighed earnings from Kellogg, Viacom and other companies. Financial stocks led the gainers. Energy stocks also rose as the price of crude oil headed higher. Utilities were the only… -2 points by Arizona Daily Star | Stock market index Petroleum Dow Jones Industrial Average Benchmark Nikkei 225 Brent Crude Exchange-traded fund Dow Jones & Company |
| Oil prices rebound on consumer, labor figures Daniel J. GraeberFeb. 9 (UPI) -- Crude oil prices recovered lost ground early Thursday, continuing a market rebound sparked by an increase in demand at the consumer level. 7 points by UPI | Petroleum Benchmark Gasoline Brent Crude Hydrocarbon Light crude oil Carbon Dubai Crude |
| Shell to decommission parts of Brent field Daniel J. GraeberFeb. 8 (UPI) -- It may take as long as a decade, but Royal Dutch Shell said it was making preparations to dismantle part of its vast production infrastructure in the North Sea. 2 points by UPI | Netherlands Petroleum Brent Crude Royal Dutch Shell North Sea Benchmark Shetland United Press International |
| U.S. exploration and production activity rising Daniel J. GraeberFeb. 8 (UPI) -- A review of exploration and production activity in the United States finds standing still is the worst case scenario for major oil and gas regions. 5 points by UPI | Petroleum United States Mexico Texas United Press International Gulf War U.S. state Benchmark |
| Asian shares fall on subdued Wall Street, dip in oil prices KUALA LUMPUR, Malaysia — Asian shares were mostly lower Wednesday following a subdued session on Wall Street as energy stocks were weighed down by falling oil prices.KEEPING SCORE: Tokyo's Nikkei 225 eased 0.2 percent to 18,875.57 points while Hong Kong's Hang Seng shed 0.5 percent to 23,222.26. The Shanghai Composite index fell 0.5 percent to 3,138.32 and benchmarks in New Zealand, South Korea and Taiwan were also lower. Sydney's S&P ASX 200 bucked the trend to rise 0.3 percent to 5,635.80. -2 points by Boston Herald | Petroleum Benchmark Dow Jones Industrial Average OPEC Light crude oil United States dollar Hang Seng Index Price of petroleum |
| Nasdaq hits new closing high as other stock indexes eke out gains Energy stocks fell as oil prices retreated. -2 points by Arizona Republic | Petroleum Benchmark Stock market index OPEC Light crude oil Peak oil Dow Jones Industrial Average Nikkei 225 |
| US stock indexes up slightly in afternoon trading; oil falls U.S. stock indexes were mostly higher in late-afternoon trading Tuesday after spending much of the day drifting between small gains and losses. Investors continued to focus on the latest batch of company earnings and outlooks. Energy companies were down the most following a slide in crude oil prices. Consumer-focused companies led the gainers. -2 points by Boston Herald | Petroleum Dow Jones Industrial Average Benchmark Peak oil Light crude oil OPEC Nikkei 225 Stock market index |
| US stock indexes mixed in afternoon trading; oil slides U.S. stock indexes drifted between small gains and losses in afternoon trading Tuesday, giving up some of their gains from earlier in the day. A slide in crude oil prices weighed on energy companies, which fell the most, adding to the sector's losses this year. Consumer-focused companies led the gainers. Investors were also sizing up the latest company earnings reports. -2 points by Boston Herald | Petroleum Dow Jones Industrial Average Benchmark Peak oil Light crude oil OPEC Nikkei 225 Stock market index |
| Stocks pull back after Dow, Nasdaq hit records Energy stocks fell as oil prices retreated. -2 points by Arizona Republic | Petroleum Benchmark Stock market index OPEC Light crude oil Peak oil Dow Jones Industrial Average Nikkei 225 |
| North American rebound pulls oil prices lower Daniel J. GraeberFeb. 7 (UPI) -- The continued rise in energy sector activity in North America pushed crude oil prices toward their second straight day of losses early Tuesday. -2 points by UPI | Petroleum Benchmark Peak oil Brent Crude North America United States Light crude oil Dubai Crude |
| U.S. rig count up 4 percent Daniel J. GraeberFeb. 7 (UPI) -- The number of rigs actively exploring for or producing oil or gas in the United States was up 4.4 percent year-on-year in January, Baker Hughes reported. 11 points by UPI | Petroleum Peak oil United States Oil shale United Press International Mexico Saudi Arabia Benchmark |
| Statoil focuses on operational performance Daniel J. GraeberFeb. 7 (UPI) -- Even as it took a loss for the fourth quarter, Norwegian energy major Statoil said its production was up 2 percent from the same time last year. 1 points by UPI | Petroleum Norway Peak oil United Press International OPEC Benchmark Barrel of oil equivalent Light crude oil |
| Stocks edge down, and oil slides U.S. stock indexes edged lower in early trading Monday as investors weighed the latest batch of company earnings news. Real estate and healthcare stocks were among the biggest decliners. Energy companies also fell as the price of crude oil headed lower. The Dow Jones industrial average fell 1 point... 7 points by Los Angeles Times | Dow Jones Industrial Average Petroleum Stock market index Benchmark Dubai Crude Brent Crude NASDAQ NASDAQ-100 |
| Iran tensions again lift oil prices slightly Daniel J. GraeberFeb. 3 (UPI) -- Increased geopolitical tensions are adding support to crude oil prices early Friday, though the market remains highly volatile so far. 6 points by UPI | Petroleum Benchmark Peak oil Brent Crude OPEC Light crude oil Dubai Crude Economics |
| Oil prices jump as Trump administration puts Iran 'on notice' Global crude prices rose on Thursday after US National Security Advisor Michael Flynn said Washington is putting Tehran "on notice" in response to an Iranian missile test. Read Full Article at RT.com 2987 points by Russia Today | Petroleum Iran Benchmark Brent Crude Middle East Dubai Crude OPEC United Arab Emirates |
| Russia keeps key rate unchanged Daniel J. GraeberFeb. 3 (UPI) -- An expectation of slow growth despite better-than-expected recovery on the bank of an oil price rebound in 2016 means stable rates, Russia's Central Bank said. 1 points by UPI | Russia Petroleum Peak oil Benchmark OPEC Inflation Central bank Interest rate |
| SocGen: U.S. oil market a bit bearish Daniel J. GraeberFeb. 3 (UPI) -- The U.S. crude oil market is turning bearish as stockpiles build up in response to rising imports, a review of data from Societe Generale said. 3 points by UPI | Petroleum Peak oil OPEC Gulf of Mexico Gulf Coast of the United States Benchmark Louisiana United Press International |
| Oil prices start Friday in hesitant rally Daniel J. GraeberWASHINGTON, Nov. 18 (UPI) -- Crude oil prices moved higher to start the day on Friday on competing strains from production levels outside of OPEC and sentiment for a market deal. 1 points by UPI | Petroleum Benchmark United Press International OPEC Brent Crude Peak oil William Randolph Hearst International News Service |
| Some tough choices for Alberta's oil-based economy Daniel J. GraeberEDMONTON, Alberta, Nov. 18 (UPI) -- The central component of economic hardship in the oil-rich Canadian province of Alberta is a lack of diversification, the provincial leader said. 4 points by UPI | Alberta United Press International Canada United States International News Service News World Communications William Randolph Hearst Benchmark |
| OPEC, Yellen give oil prices a lift Daniel J. GraeberNEW YORK, Nov. 17 (UPI) -- Upbeat assessments about the pace of growth for the U.S. economy and a build in momentum for an OPEC production deal pushed oil prices higher early Thursday. 2 points by UPI | OPEC Petroleum Benchmark United Press International Brent Crude Peak oil William Randolph Hearst International News Service |
| Asian markets mixed as U.S. rally fades, dollar retreats The U.S. dollar retreated slightly after hitting a 13-year high and oil prices slipped. 16 points by Arizona Republic | Dow Jones Industrial Average Stock market index United States dollar Hang Seng Index Petroleum SSE Composite Index Euro Benchmark |
| North Dakota oil production falls Daniel J. GraeberBISMARCK, N.D., Nov. 17 (UPI) -- A regulator in North Dakota said low oil prices were in part behind the decline in crude oil production, last reported at its lowest level since early 2014. 20 points by UPI | Peak oil Petroleum Benchmark Bakken Formation Oil shale Price of petroleum OPEC Low-carbon economy |
| Oil prices rally on inventory data Daniel J. GraeberNEW YORK, Sept. 21 (UPI) -- Oil prices moved higher in early Wednesday trading after an industry report showed a large decline in crude oil inventories in the United States. 13 points by UPI | Petroleum Benchmark United Press International United States Federal Reserve System News World Communications International News Service Brent Crude |
| Oil rebounds on possibility of 'formal' freeze talks meeting The informal talks next week in Algeria to cap output by the world's biggest oil producers may turn into a formal meeting, according to the host. The news helped crude prices recover after Tuesday's losses. Read Full Article at RT.com 17 points by Russia Today | Petroleum OPEC Saudi Arabia Peak oil United Arab Emirates Benchmark Algeria 1973 oil crisis |
| Pittsburgh-area gasoline prices stay flat with pipeline disruption Average retail gasoline prices in the Pittsburgh region sit around $2.37 a gallon this morning, about even with one week ago, according to GasBuddy’s survey of more than 700 stations in southwestern Pennsylvania. -1 points by Pittsburgh Post-Gazette | Benchmark Petroleum Peak oil OPEC Light crude oil 1980s oil glut Pipeline transport Price of petroleum |
| Gasoline prices, already low, could get lower Average retail gasoline prices in Pittsburgh sit around $2.38 a gallon this morning, down 14 cents a gallon from last year at this time and analysts expecting fuel prices to fall with colder weather. -1 points by Pittsburgh Post-Gazette | Petroleum Benchmark Peak oil OPEC Light crude oil 1980s oil glut Price of petroleum 1973 oil crisis |
| Supply estimates drag oil prices lower early Monday Daniel J. GraeberNEW YORK, Sept. 12 (UPI) -- Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside of OPEC. -1 points by UPI | Petroleum OPEC Peak oil Benchmark Brent Crude United States United Press International Light crude oil |
| Hess: North Dakota ready once oil prices recover Daniel J. GraeberNEW YORK, Sept. 12 (UPI) -- The oil price recovery isn't quite strong enough to support a program targeting production growth from North Dakota, energy company Hess Corp. said -1 points by UPI | United Press International William Randolph Hearst Peak oil International News Service News World Communications Bakken Formation Benchmark Oil shale |
| US stocks slump as traders fear higher interest rates Investor jitters over the possibility the Federal Reserve is ready to raise interest rates this year roiled Wall Street Friday, handing the stock market its worst day in more than two months. 2 points by The Denver Post | Central bank Monetary policy Federal Reserve System Dow Jones Industrial Average Petroleum Interest rate Benchmark Dow Jones & Company |
| Markets log worst day in more than two months as traders fear higher interest rates Investor jitters over the possibility the Federal Reserve is ready to raise interest rates this year roiled Wall Street Friday, handing the stock market its worst day in more than two months. 3 points by The Denver Post | Central bank Monetary policy Federal Reserve System Dow Jones Industrial Average Petroleum Interest rate Dow Jones & Company Benchmark |
| US stocks drop sharply as traders fear higher interest rates U.S. stocks were down sharply in late-afternoon trading Friday, pulling the Dow Jones industrial average down more than 300 points and placing the market on course for its biggest loss since June. Telecom, utilities and materials companies led the broad slide. Energy stocks slumped as crude oil prices fell. -1 points by Boston Herald | Central bank Monetary policy Federal Reserve System Petroleum Dow Jones Industrial Average Interest rate Benchmark Light crude oil |
| U.S. stocks slump as traders fear higher interest rates Investor jitters over the possibility the Federal Reserve is ready to raise interest rates this year roiled Wall Street Friday, handing the stock market its worst day in more than two months. The Dow Jones industrial average ... 1 points by Las Vegas Sun | Central bank Monetary policy Federal Reserve System Dow Jones Industrial Average Petroleum Interest rate Dow Jones & Company Benchmark |