Oil Prices Collapse
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Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
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Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.
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Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
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New Rail Cars Aren't Short-Term Fix for Oil Crunch, Morneau Says
Canada’s government is said not to favor Alberta’s proposal to buy trains to boost crude shipments by 120,000 barrels daily.
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As Oil Prices Collapse, Indians Left Unemployed Head Home From Gulf
Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates.
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OPEC, Oil Firms Clash at Davos Over Price Collapse
The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.
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Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
-
Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.
-
Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
-
New Rail Cars Aren't Short-Term Fix for Oil Crunch, Morneau Says
Canada’s government is said not to favor Alberta’s proposal to buy trains to boost crude shipments by 120,000 barrels daily.
-
As Oil Prices Collapse, Indians Left Unemployed Head Home From Gulf
Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates.
-
OPEC, Oil Firms Clash at Davos Over Price Collapse
The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.
