On March 24th, declining European banking shares and comments from U.S. Energy Secretary Jennifer Granholm about the slow refilling of the Strategic Petroleum Reserve (SPR) led to a 2.5% drop in oil prices. Brent crude fell to $74.06 a barrel, […]
Oil slides 2.5% on concerns over health of banking sector Read More ยป
According to a note from analysts at the investment bank, Goldman Sachs is optimistic about the future of all commodities. The bank’s head of commodities, Jeffrey Currie, has stated that the outflow of capital from the energy industry will result
Goldman Sachs Anticipates Increase in Oil Prices by June. Read More ยป
The heating oil sector in NY has actively endorsed initiatives to cut down carbon emissions by fully adopting the use of Bioheatยฎ fuel, a renewable form of heating oil. Despite this, the majority of New Yorkers are unaware that Albany
NY Energy Possess the Potential for Catastrophic Consequences. Read More ยป
With the U.S. Energy Information Administration reporting a weekly increase in crude oil inventories of 1.1 million barrels, oil prices rose today. The prior week’s increase was 1.6 million barrels. Both gasoline and distillate fuel supplies were reported to be
Draws in Fuel Inventories Drive Crude Oil Prices Upward. Read More ยป
Reuters, March 20 – NEW YORK Oil prices rose more than 1% on Monday after falling to their lowest levels in 15 months due to market concerns that risks in the global banking sector could spark a recession, reducing fuel
Oil prices have recovered after falling to their lowest level Read More ยป
According to sources familiar with the plans, The Wall Street Journal reported on Wednesday that ExxonMobil has ended a significant drilling operation offshore Brazil after failing to make a significant oil discovery there for years. Exxon purchased deepwater acreage back
Exxon halts drilling in Brazil due to no oil discovery. Read More ยป
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