Harvard’s annual examination of the rental market finds stark inequalities, and they’re getting worse. While the American Dream may be homeownership, for more and more of us, the current American reality
The bright minds of tomorrow want to pursue careers at Tesla, not ExxonMobil. Sixty-two percent of teens ages 16 to 19 say a career in oil and gas is unappealing, according to a survey of 1,200 young was
Saudi Arabia has kept its promise. It has cut oil output by 486,000 barrels a day, in line with the OPEC agreement the Kingdom pulled together last October, helping oil stabilize above $50 per barrel.
Oil prices jumped to their highest in six months after forecasters at investment bank Goldman Sachs said the world now has a deficit rather than a glut of crude, due to increasing disruptions to supplies
By hedging against the volatility in prices, producers are limiting how far up oil prices can go, according to Morgan Stanley's Adam Longson. In a note on Monday, Longson and team write about how "rampant"
The oil-price rally that began in mid-February will almost certainly collapse. It is similar to the false March-June 2015 rally. In both cases, prices increased largely because of sentiment. As in the
BEIJING/SINGAPORE (Reuters) - China’s February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group
Negative interest rates are essentially fees that companies are required to pay in order to hold cash with banks. Similarly, banks can be charged fees for holding cash with the Central Bank. What makes
DUBAI (Reuters) - Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels
But according to Jaime Caruana, a General Manager at the Bank for International Settlements, the price of oil could crash even further — because of oil producers' high debt. Oil companies have $1.6 trillion
The price has since rallied more than 20% back above $32, but analysts at Goldman Sachs say the crash means "we are now at a price level that is creating real fundamental change" in the oil market. Jeffrey
Oil prices have plunged this year, but Warren Buffett isn't scared. He's bet nearly a $1 billion on the sector since the start of the year. That's how much Phillips 66 stock Berkshire Hathaway (BRKB) bought
Although the national unemployment rate has dropped below 5%, rates in six ‘energy’ states have risen as the industry continues to make significant job cuts Early Friday afternoon, Barack Obama took the
The list reportedly includes Russia's largest state-owned oil company, Rosneft, and its state-owned pipeline monopoly, Transneft, along with the diamond miner Alrosa, the airline Aeroflot, Rostelecom,
According to data released by the US Commodity Futures Trading Commission last Friday, the level of open interest in US benchmark West Texas Intermediate crude-oil futures and options rose to 497,280 week,
Mere acknowledgement that the environment is in peril without a plan to mitigate it is a huge oversight Let’s call it the non-denial denial. Some Republican presidential candidates are beginning to peer
Crude jumps by more than 8pc as world's rival oil giants hint they could take as much as 2 millions barrels a day off the market Oil prices staged a storming rally on Thursday, rising as much as 8pc on
LONDON (Reuters) - Moody’s has placed 175 oil, gas and mining companies on review for a downgrade due to a prolonged rout in global commodities prices that it says could remain depressed for some time.
Wall Street got the China oil story wrong, and it will make everything that's happening now much worse
It has prepared its refiners to dump a massive load of supply onto an already oversupplied market. All of this has to do with China's attempt to invigorate its private markets — to liberalize its economy.
Speaking at a business conference, Nasser said current low prices, with Brent crude around $30 a barrel, were not sustainable and there were signs of demand increasing, which would start to close a supply/demand