Adam Sieminski News
-
The U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at gasoline stations.
-
Oil dropped the most in two weeks after a proposed European Union embargo of Iranian oil imports was said likely to be delayed for six months.
-
Oil climbed to the highest level in more than seven months as manufacturing in the U.S. and Asia expanded in December and concern persisted that further sanctions against Iran may disrupt shipments.
-
Booming U.S. natural gas production from shale formations and slowing demand from households, factories and power plants are poised to send prices down for an unprecedented fifth year in 2012.
-
Crude oil capped the third-largest decline of 2011 as commodities fell around the world after Morgan Stanley and Deutsche Bank AG cut their forecasts for global economic expansion.
-
Oil prices may reach $100 a barrel by 2015, Adam Sieminski, chief energy economist at Deutsche Bank, said today at a conference in Houston. Natural-gas prices might reach $6 per million British thermal units in that timeframe, he said.
-
Crude oil increased to a three-month high in New York on the prospect of new leadership in Italy and Greece, two countries that are in the forefront of Europe’s sovereign debt crisis.
-
Oil fell for the first time in three days as the White House said it was “monitoring” Iran’s plan to send warships through the Suez Canal, calming concern that the move would ratchet up tensions in the Middle East.
-
Crude oil in New York tumbled to the lowest close since September as equities slipped on concerns Europe will struggle to contain the sovereign-debt crisis.
-
Crude oil climbed to a 12-week high in New York on declining stockpiles at a U.S. storage hub, putting the contract in a so-called bull market.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page