Oil Prices Rise Amid Rate Cut Cheer, Summer Demand Hopes

Oil prices rose in Asian trade on Friday amid optimism over U.S. interest rate cuts and improved summer demand, but were still set for weekly losses on some profit-taking.

Investing21:50 ET

Suncor (SU) Faces Allegations of Air Emission Violations

This is not the first time SU has faced pollution accusations. In February, an enforcement package highlighted air pollution violations from July 2019 to June 2021.

Zacks Jul 11 06:00 ET

Oil Stats Are All Over the Place; It's a Problem for Investors and Environmentalists Alike -- Barrons.com

To slow the most devastating impacts of climate change, countries will have to agree on how to move away from fossil fuels and toward cleaner alternatives. Today, the world's biggest energy organizations can't even agree on how much oil is already being used.

Barron'sJul 11 03:00 ET

OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.

On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.

wallstreetcnJul 10 16:30 ET

Crude Oil Regains Some Track – TDS

Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.

FXStreetJul 10 11:44 ET

OPEC Holds Oil-Demand View Steady, Expects Faster Economic Growth -- Update

The Organization of the Petroleum Exporting Countries kept its bullish outlook for oil-demand growth unchanged and raised its economic-growth forecast for this year, citing solid momentum across major economies.

WSJJul 10 08:49 ET