Oil

Nicolas Maduro, president of Venezuela, warned President Trump against a ban on imports of oil from the crisis-stricken nation.

As the Trump administration weighs whether to hike the tax on gasoline in order to pay for the newly released infrastructure proposal, some are warning the president that it could hinder the sudden boost in approval ratings that Republicans have seen since the tax overhaul was signed into law in late December.

Oil rose towards $65 barrel on Thursday, supported by Saudi Arabia's comment that it would rather see an undersupplied market than end an OPEC-led deal to withhold production too soon, and by a weak U.S. dollar.

The Mideast kingdom's energy minister said major producers would prefer tighter markets than an end to supply cuts too early.

The kingdom will keep its crude exports below 7 million barrels per day (bpd) in March, despite a maintenance shutdown of the 400,000 bpd SAMREF refinery, the Saudi energy ministry said, confirming a plan given earlier by industry sources.

The world’s largest oil and gas company, ExxonMobil, is taking the offensive against activists suing it over climate change by filing a countersuit.

The publisher of the Schork Report said Bernie Sanders supporters should take note that this is the “inevitable outcome of socialism.”

Oil dipped on Wednesday, squeezed by lingering oversupply including rising U.S. inventories and ample physical flows.

The Paris-based International Energy Agency raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 million bpd.

The Paris-based International Energy Agency raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 million bpd.

The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.

OPEC said on Monday world oil demand would grow faster than expected in 2018.

Oil rose 2 percent on Monday, recovering some of last week's steep losses as global equities steadied after their largest one-week slide in two years.

Oil prices fell further Friday as investors continue to worry about a surge in U.S. production and the selloff in equity markets.