Three-peat, is a trademarked term by LA Lakers, Pat Riley during their attempt at a third consecutive NBA championship during the 88-89 season. Although unsuccessful in their attempt that season, the term quickly became synonymous with winning and success. The genesis of the term was sports but a three-peat in business may be just as …
(AP) The U.S. Energy Information Administration on Tuesday projected coal will briefly retake its crown from natural gas as the primary fuel for power generators in 2017 due to an increase in gas prices. Coal, however, is expected to lose that title again in 2018 as producers boost gas output and utilities to retire more …
The U.S. Energy Information Administration lowered its outlook on Brent crude for 2017 and 2018 to last month’s projections by $2 and $4, respectively, to $51 per barrel and $52 per barrel, but oil prices have been climbing so far Tuesday. Photo by Joe Raedle/Getty Images Brent crude rose 1.5% to $47.59 per barrel. Meanwhile United States …
Oil prices turned higher Tuesday morning as traders and investors anticipated that U.S. data will show that a glut of oil is continuing to shrink. U.S. crude futures recently rose 28 cents, or 0.63%, to $44.68 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 29 cents, or 0.62%, to $47.17 …
Lower prices for oil this year and next are likely to prompt a slowdown in U.S. crude production next year, but domestic output is still expected to reach an annual record in 2018, according to a report from the U.S. Energy Information Administration released Tuesday. The report provided some additional support for oil prices Tuesday, with …
Darren Whiteside | Reuters An employee rides his bike past barrels of petroleum products at a state-owned Pertamina fuel depot in Jakarta, Indonesia. Oil prices could soon fall below $40 a barrel if investors don’t get a clear catalyst that prompts them to start buying the commodity, Goldman Sachs said on Tuesday.The investment bank believes …
Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said. The outlook for oil supplies is “increasingly worrying,” with about $1 trillion in …