OPEC countries

NEW YORK | Oil prices fall sharply, pulling energy companies with them

NEW YORK (AP) — Energy companies and oil prices are falling sharply again Friday on reports OPEC countries plan to produce more oil soon. Airlines are climbing as investors anticipate lower fuel costs. Overall, major market indexes are mostly lower. Another decline in bond yields is hurting banks but helping dividend-payers like household goods makers. … Continue reading NEW YORK | Oil prices fall sharply, pulling energy companies with them

US oil output surge ‘reminiscent’ of run-up to 2014 crash

PARIS/February 13, 2018(AP)(STL.News) —  A leading energy watchdog says that the boom in U.S. oil production is reminiscent of the rise in output that eventually led to the 2014 crash in crude prices. The International Energy Agency, a policy adviser to countries, says in its monthly report that “in 2018, fast rising production in non-OPEC … Continue reading US oil output surge ‘reminiscent’ of run-up to 2014 crash