Home Tag "Crude Oil"

Oil Prices Are Rising Again!

Oil prices are rising again, this as crude hit another four-year high, with a barrel of West Texas Intermediate for November delivery trading at $75.31, while Brent crude was at $84.54. Oil futures jumped more than $2 a barrel on Monday, rising to levels not seen since November 2014, as U.S. sanctions on Iran loom […]

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Oil Falls Below US$74 A Barrel Amid Raised Stakes In Trade War

The price of oil fell below US$74 a barrel this week, after U.S. President Donald Trump raised the stakes in the trade war against China with the biggest list yet of goods it may hit with higher tariffs. Futures in New York fell as much as 1.3 percent after the Trump administration unveiled a list […]

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Royal Dutch Shell Reporting Profits More Than Doubled In Q4 Last Year

Royal Dutch Shell has reported profits more than doubled in the fourth quarter of last year, despite the group taking a $2bn charge related to President Donald Trump’s US tax reforms. A recovery in oil prices coupled with steep cost cuts after a three-year downturn are fuelling a resurgence in cash flow and profitability at […]

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US On Course To Overtake Saudi Arabia And Russia To Become The World’s Largest Crude Producer

US oil production has returned to its record high some 47 years after the last Texas oil boom gushed to the previous mark in 1970. Soaring output from shale wells has put the US on course to overtake Saudi Arabia and Russia to become the world’s largest crude producer. The Energy Information Administration estimated on […]

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Low Production By Venezuelan Oil Monopoly And Global Drop In Crude Prices Throw Country Into Crisis.

Although Venezuela sits atop the world’s largest oil reserves, low production by the state oil monopoly and the global drop in crude prices has thrown the Latin American country into crisis. Inflation in the economically struggling nation reached a staggering 2,600 percent last year, underline the problems besetting Venezuela, where food, medicines and other basic […]

Jamaican Entrepreneurs and Private Sector Encouraged to Explore Opportunities Within New Cariforum-United Kingdom (Uk) Trade Arrangement