The Latest Breaking News from OPEC

January WTI crude oil (CLF24) this morning is up +2.80 (+4.03%), and Jan RBOB gasoline (RBF24) is up +8.53 (+4.21%). Crude oil and gasoline prices this morning are sharply higher and posted 1-week highs. Today's slump in the dollar index to a 4-month low is bullish for energy prices. Also,...

The absence of a ‘phase-out’ let petrostates off the hook, but there are multiple other ways to end the era of coal, oil and gas

The energy sector is expected to effectively handle immediate supply limitations and address long-term demand surges as it experiences steady growth. Therefore, despite the recent decline in energy prices, fundamentally strong energy stocks Energy Transfer (ET), NOW (DNOW), and Ranger Energy Services (RNGR) could be wise portfolio additions. Read more….

Flurry of shuttle diplomacy under way at UN-led negotiations in UAE as countries fight over wording of potential deal.

January WTI crude oil (CLF24 ) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24 ) is down -0.0621 (-3.04%). Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low. Signs of stronger...

The oil and gas lobby, out in force in UAE's Dubai, succeeded in preventing a commitment to phase out fossil fuels.

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

A draft agreement has been described as 'meaningless' and 'a charade' by countries who say more must be done to phase out oil, coal and gas

Hopes for finishing a critical climate summit on time faded early Tuesday as countries were still far apart on key issues, including an agreement on what to do about the fossil fuels that are causing dangerous global warming