Trump blasts OPEC ahead of World Oil Outlook summit
Crude oil prices moved in opposite directions Thursday morning as Brent was trending down and WTI trending up, both for different reasons. President Donald Trump blasted OPEC in a tweet…
Business
Gazprom could be the new force in Syria when troops leave
The Iraq War saw the use of commercial military forces — mercenaries — to an extensive degree unprecedented in the modern era. One of the military contracting firms, Blackwater (now…
Gas prices steady after onslaught from Hurricane Florence
Hurricane Florence had little effect on gasoline prices because the storm didn’t go near refineries or other energy infrastructure. The Carolinas and surrounding states also had an abundant supply of…
BMW closing Britain plant as experts weigh Brexit proposal
Germany luxury car maker BMW said Tuesday it will shut down a plant in Britain to minimize potential disruption if no Brexit deal is reached. “While we believe this worst…
New law takes effect banning coffee at South Korea schools
Sales of coffee and drinks high in caffeine will soon be banned at schools in South Korea, as a revised children’s food and safety law takes effect Friday. Under the…
Evacuations for Florence may squeeze gas supplies, cause price spikes
The large-scale evacuations ahead of Hurricane Florence will cause local gasoline shortages and price spikes if tankers can’t reach them fast enough, analysts say. But there are no concerns about…
Crude oil prices up as analysts warn of $100 per barrel potential
Brent crude oil prices could top $100 a barrel as markets react to U.S. sanctions on Iran this November, an energy expert said. Brent futures, the international benchmark for crude…
OPEC ups production as prices rise, supply declines
After years of holding back, OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. The deliberate spike in…
Looming trade wars could cause spike in oil prices
Oil prices stayed steady through the summer months but could have some rocky days ahead as global inventories continue to fall and the trade standoff between the United States and…
Oil prices down after Pompeo outlines plan to get nations off Iranian oil
Speaking in India this week, Secretary of State Mike Pompeo shared plans to wean nations off Iranian oil before the U.S. reimposes sanctions on Iran in November. The sanctions, which…
