Oil prices rise to near 1-year highs as vaccines, stimulus and Saudi Arabian production cuts lift the energy outlook

The International Energy Agency released its monthly Oil Market Report Friday morning, noting a significant drop in Saudi Arabian production in December with more cuts promised. How that will play........»»

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices and cut its expectat.....»»

U.S. Treasury yields bounced off their lows on Thursday as a surge in oil prices spurred by hopes of coordinated production cuts between Saudi Arabia and Russia helped to lift inflation expectations, a bugaboo for bondholders......»»

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices by roughly 30% and reduced its expectations for U.S. crude-oil production, according to the Shor.....»»

Shares of Chesapeake Energy Corp. plummeted 11% toward a record low close of just below 21 cents, as Russia's rejection of Saudi Arabia-proposed production cuts sent crude oil prices reeling. Chesapeake's stock has now tumbled 25.1% over the past w.....»»

Gold prices now trade at their highest levels in almost seven years, as the economic impact of COVID-19 has raised expectations for stimulus from global central banks, feeding talk of record prices of $2000 an ounce and beyond for the precious metal......»»

Oil prices edged down from three-month highs on Friday as investors' optimism on economic growth was clouded by the Russian energy minister's comments downplaying oil output cuts next year......»»

Oil prices fell on Friday, erasing more of the gains realized after the Sept. 14 attacks on Saudi Arabian oil facilities, as the rapid return of production capacity from the world's top exporter squashed risk premiums......»»

Oil futures rise Monday, marking their highest settlement in almost six weeks, as Saudi Arabia’s new energy minister signals a continued commitment to production curbs......»»

Oil futures rise as Saudi Arabia’s new energy minister signals a continued commitment to production curbs......»»

The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook.....»»

Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support......»»

Asian shares rose and oil prices touched fresh multi-year highs on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment......»»

(Reuters) - Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas from fewer wells and gained from the past year's rise in global prices of crude......»»

LONDON (Reuters) - Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand......»»

The cartel’s biggest producer and exporter, Saudi Arabia, is seeking to broker an agreement on production levels ahead of a meeting in Vienna......»»

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Russia on Saturday threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

The U.S. Energy Information Administration on Tuesday released its Short-term Energy Outlook for September. The agency sees gasoline prices averaging about $2.76 a gallon this year, but rising by........»»