feed: Energy Stories
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic the kingdom used last year to amplify the impact of coordinated production cuts with OPEC and Russia.
Oil rose on Friday on hopes that supply cuts will be agreed at OPEC's December meeting, but pulled back sharply from session highs.
Technician Louise Yamada believes crude will move even lower.
Houston-based Petroleum Products & Services, Inc d/b/a Wellhead Distributors International (WDi) has emerged from Chapter 11 Bankruptcy with a Plan of Reorganization unanimously supported by all creditors and litigants. Presiding Judge Isgur agreed with the supporters of the plan citing “insurmountable evidence in support of the WDi plan,” approving it immediately. According to Alex Kiss, […]