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The UK North Sea’s main pipeline system is likely to be shut for weeks to undergo emergency repairs, the operator said on Monday, sending oil and gas prices soaring as the country braces itself for a prolonged cold snap. The Forties Pipeline System (FPS ... ... lees verder

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Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week. Continue Reading Below Technology stocks were ... ... lees verder

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After an unimpressive year, the 2018 outlook for commodities looks more promising, particularly for crude oil and industrial metals. This year, through Thursday, the S&P GSCI Index Total Return XX:SPGSCITR an investible index that tracks 24 commodities ... ... lees verder

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LONDON (Reuters) - Oil prices edged lower on Monday as rising U.S. drilling activity pointed to a further increase in American production, countering OPEC-led output cuts. Brent crude futures LCOc1, the international benchmark for oil prices, were 10 cents ... ... lees verder

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SINGAPORE (Reuters) - Oil prices fell on Monday as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets. A statement by Kuwait’s oil minister that OPEC and ... ... lees verder

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SINGAPORE (Reuters) - Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets. U.S. West Texas Intermediate (WTI ... ... lees verder

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Saudi Aramco, the world’s biggest oil producer, is more concerned about growth of ride-sharing services such as Uber than the rise of electric vehicles as a major disruptive force to transport and energy use. While sales of electric vehicles will expand ... ... lees verder

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Rising from the desert like a metallic oasis, the Sadara chemicals plant in Saudi Arabia’s eastern province is a labyrinth of pipes, tanks and furnaces covering an area three times the size of Monaco and made with enough steel to build the Golden Gate ... ... lees verder