Archives for May 2018
Putin says oil at $60 suits Russia as OPEC weighs more supply
Oil prices at $60 a barrel fully suit Russia and the country doesn’t want them to spiral higher, President Vladimir Putin said. “We’re not interested in an endless rise in the price of energy and...
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Under pressure from Trump, Saudis put brakes on oil price rally
The world’s largest oil exporter just made quite a policy swerve. Within six weeks, Saudi Arabia has gone from advocating higher prices to trying to stop the rally at $80 a barrel. Source: FuelFix
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Natural gas rates to jump 4.6 percent in Houston
Houstonians will have to dig a little deeper in their pockets to pay their natural gas bills. Source: FuelFix
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World's top oil trader says no one will avoid Iran sanctions
(Bloomberg) — The world’s top oil trader said it will be near impossible to avoid U.S. sanctions on Iran, suggesting Donald Trump’s attack on OPEC’s third-largest producer may have a bigger impact on the global...
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Oil falls below $70 as Saudi Arabia sees oil supply increase
Oil fell below $70 a barrel in New York for the first time in two weeks as Saudi Arabia said it expects OPEC and its partners to increase supplies later this year, easing some of...
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