Oil

OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year.

Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude stockpiles continue to mount and Iran maintains little interest in a global production freeze.

Oil rose up to 2 percent on Friday, with U.S. crude gaining for a fourth straight week, after the world's energy watchdog said the market may have hit bottom, although Goldman Sachs said the 50 percent rally in under two months was "premature."

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday.

U.S. crude slipped more than 1% on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs.

The Fed-induced energy bubble is bursting, a bubble that helped mask weaknesses in the economic recovery.

Despite there being a bigger surplus in 2012 to 2013, the price of oil back then did not plunge as much or as fast as it has since the summer. What gives?

Deflation may be public enemy #1 for the Federal Reserve.       

Betting the Federal Reserve’s stimulus slingshot will come back to hit us all in the head with hyperinflation anytime soon will make you broke.

After seven years in limbo, TransCanada's Keystone XL pipeline was axed by the Obama administration, a move that quickly drew the ire of the GOP’s presidential candidates.

The Obama administration on Friday unveiled its first major standards for oil companies that frack on federal lands, including beefed-up safety measures to protect groundwater, prompting industry complaints they will be a barrier to growth.

The ripple effects from the crisis in Ukraine should serve as yet another motivation for Washington to move quickly to make the U.S. energy independent.

TEST

U.S. President Barack Obama will propose a new $10 a barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.

Ratings companies have downgraded the Latin American country in recent days, warning of a 'materially higher risk of an economic collapse.' 

OPEC Secretary-General Abdullah al-Badri said OPEC and non-OPEC oil producers might later take "other steps" to curb a global supply glut if a preliminary deal between the world's biggest producers proves successful.

A four-decade-old ban on oil exports is on the verge of extinction, but the immediate impact will likely be muted.

Oil prices rose on Tuesday with technical support for U.S. crude and despite a weaker demand outlook from the International Energy Agency which is expected to keep the world oil market oversupplied for at least another year.

The Organization of the Petroleum Exporting Countries said Wednesday it sees no further rise in demand for its crude this year, but it expects the current oversupply in the market to ease over the coming quarters.

New York Gov. Andrew Cuomo's administration will move to prohibit fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.