Energy Market Archives · Page 6 of 100

Oil Prices Rise by Almost 2% as Venezuela Reaches Deal

Published by Rajesh Namase on September 19, 2016

Oil prices rise by almost 2% as Venezuela announces potential deal between non-OPEC and OPEC producers. According to Venezuelan President Nicolas Maduro, September could see the announcement of a deal on output. This deal would moderate the output of crude oil and help to stabilize prices. Oil pri [...]

Total Oil Company to Sell Part of 51% Martin Linge Field Shares

Published by Rajesh Namase on September 14, 2016

Total oil company is considering selling some of its 51% stake in the Martin Linge North sea gas and oil field. Total SA, the French oil and gas firm, is rumoured to be considering the potential sale of part of its 51% stake in the Martin Linge field. This is an offshore field in Norway’s reg [...]

Crude Oil Prices Increased Wednesday After 3% Drop on Tuesday

Published by Pete Nisbet on September 14, 2016

Crude Oil Prices increased Wednesday. This was an unexpected increase after a 3% drop on Tuesday. The main reason was an American Petroleum Institute report that an increase of crude oil stocks for the week to September 9 was just 1.4 million barrels. This was against a projected [...]

Oil Prices Drop and Crude Stocks Crash as Hermione Hits

Published by Pete Nisbet on September 9, 2016

Thursday's oil prices dropped Friday on profit-taking. After earlier reaching a two-week high of $50.14 a barrel, London Brent crude for November delivery 4.2% up Thursday at $49.99. It dropped 58 cents Friday to $49.41 a barrel by 0647 GMT. NYMEX crude for October delivery settled up 4.7% Thursd [...]

Iran Oil Production to Increase and Russia-Saudi Arabia Deal

Published by Pavan Lipare on September 8, 2016

Iran oil production is to increase. Iran has stated that it intends to increase its own oil production to levels existing prior to sanctions. In stating this, it is effectively ignoring a Russia - Saudi Arabia deal to stabilize the oil markers. Current overproduction of crude oil is creating instabi [...]

Enbridge Spectra Energy Deal and Why It was Necessary to Both

Published by Pete Nisbet on September 8, 2016

The Enbridge Spectra energy deal is taking place. Canada’s Enbridge Inc. stated Tuesday that it will purchase Spectra Energy Corp in a $28 billion all-stock deal. This will create North America’s largest energy infrastructure firm. This is a very significant energy infrastructure deal – the la [...]

Crude Oil Prices Drop Due to Worldwide Oversupply

Published by Pavan Lipare on September 1, 2016

Crude Oil Prices dropped Thursday when attention was brought to bear on the worldwide oversupply situation. Stocks of crude oil have been increasing worldwide and are now higher than they have ever been. During the week August 19-26, stocks of U.S. crude (USOILC=ECI) increased to 525.9 million b [...]

Oil Prices Fall – Oil Prices Have Fallen Further Thursday

Published by Rajesh Namase on August 25, 2016

Oil prices fall - oil prices dropped further on Thursday, partially due to oversupply, and lack of interest in freezing oil production. Global crude benchmark Brent price had fallen 15 cents to $48.90 by 1043 GMT after a 1.8% fall Wednesday. U.S. light crude had dropped 2.8% Wednesday with no chan [...]

Oil Prices Fall as Stocks Increase and Chinese Demand Unsure

Published by Pavan Lipare on August 24, 2016

Oil prices fall Wednesday due to a buildup of U.S. crude inventories and a potential reduction in demand by China. Beijing has taken action on alleged tax evasion in the Chinese oil industry. There also appear to be fears of an oversupply in the U.S. oil market due to crude stocks increasing. [...]

Solar Panel Company SunPower Shares Drop More Than 30%

Published by Pavan Lipare on August 10, 2016

SunPower shares dropped over 30% in Wednesday trading. The solar panel company had been having difficulties with its power plant division. It is laying off 1,200 staff and revising its outlook for 2016. There was also a ‘reduced urgency’ to complete new solar panel projects before 2017 due to a [...]

Oil Prices Rise by Almost 2% as Venezuela Reaches Deal

Total Oil Company to Sell Part of 51% Martin Linge Field Shares

Crude Oil Prices Increased Wednesday After 3% Drop on Tuesday

Oil Prices Drop and Crude Stocks Crash as Hermione Hits

Iran Oil Production to Increase and Russia-Saudi Arabia Deal

Enbridge Spectra Energy Deal and Why It was Necessary to Both

Crude Oil Prices Drop Due to Worldwide Oversupply

Oil Prices Fall – Oil Prices Have Fallen Further Thursday

Oil Prices Fall as Stocks Increase and Chinese Demand Unsure

Solar Panel Company SunPower Shares Drop More Than 30%

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