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Economy

“Hedge funds cautious on oil, wait for economy: Kemp”

“Hedge funds are becoming slightly more pessimistic about the outlook for oil and the economy, though position changes remain small owing to the holiday season in North America and Europe… Fund managers sold a total of 26 million barrels in… Continue Reading…

Economy

“U.S. Oil Output Tops 12 Million Barrels a Day for First Time”

“U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a… Continue Reading…

Economy

“$700 million in oil spill money slated for Louisiana roadwork”

“Louisiana lawmakers want to redirect nearly $700 million in Gulf oil spill recovery money that had been earmarked for trust funds to instead finance roadwork, bridge upgrades and port improvements. The state is receiving yearly payments of $53.3 million through… Continue Reading…

Economy, Investing

“…fill up on gas on Monday mornings (and never on Friday afternoons)”

“Want to save money at the pump? Fill up on Monday morning on your way to work… In a study provided exclusively to USA TODAY, GasBuddy assessed the best day to fill up and the worst day to fill up… Continue Reading…

Economy

“Canada Oil Industry Loses Over 20% Of Workforce Since 2014”

“Canada’s oil and gas industry could shed another 12,500 and more jobs this year, which would bring the total job losses over the past five years to 23 percent of the 2014 total, which stood at 226,500. These are among… Continue Reading…

Economy

“Crude Awakening: Prices Surge At The Pump”

“Since early February, gasoline demand has been steadily increasing while stocks have been gradually decreasing causing more expensive pump prices across the country,” said Jeanette Casselano, AAA spokesperson. “The good news is most motorists are not paying more than they… Continue Reading…

Economy

“America is set to surpass Saudi Arabia in a ‘remarkable’ oil milestone”

“…America is about to steal the kingdom’s energy exporting crown.The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy. That milestone,… Continue Reading…