Citigroup predicted the recent increase in oil prices is a temporary lull in the downward price trajectory. The bank lowered its crude oil price forecast. “Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity… Keep reading →
National Research Council
Energy News Roundup: Citigroup Predicts Oil Price Spiral, Climate Change Panel & SC Solar Expansion
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We will never sell or share your information without your consent. See our privacy policy.A National Research Council report, which was mandatory under a 2011 pipeline safety law, found that Canadian heavy oil is no more likely to spur pipeline leaks than other crude oils are, which could bode well for the future of the Keystone XL pipeline. Of course, there is still the issue of the cold, dead… Keep reading →