Mar 09 Watch 6:23 Oil expert warns of 'nightmare scenario' Iran war could spark By Geoff Bennett, Courtney Norris It was a day of major volatility in global energy markets and a moment of real concern for consumers. Oil prices surged overnight, coming close to $120 a barrel, but by the end of the trading day prices had fallen… Continue watching
Jun 06 OPEC, allied nations extend nearly 10M barrel cut by a month By Jon Gambrell, Associated Press Ministers of the cartel and outside nations like Russia met via video conference to adopt the measure, aimed at cutting out the excess production depressing prices as global aviation remains largely grounded due to the pandemic. It represents some 10%… Continue reading
Aug 08 Watch Oil, Gas Prices Rise After Alaskan Oil Pipeline Shutdown The shutdown of pipelines in the Prudhoe Bay oil field in Alaska is expected to heavily impact oil and gasoline prices. An oil markets analyst discusses the economic consequences. Continue watching