Energy Update
TORONTO, Feb 22 (Reuters) - Canada's main stock index gained on Monday, as energy shares rose on a jump in oil prices and several major banks benefited from investor positioning ahead of quarterly earnings this week.
NEW YORK, Feb 22 (Reuters) - The U.S.
LONDON, Feb 22 (Reuters) - Hedge funds have taken an increasingly nuanced position on oil prices since the start of the year, becoming more bearish towards U.S. crude but bullish towards Brent.
NEW YORK, Feb 22 (Reuters) - Americans drove 4 percent more miles in December than they did a year earlier, according to data released on Monday by the U.S. Department of Transportation, as falling gasoline prices helped boost driving on a year-over-year basis.
CARACAS, Feb 22 (Reuters) - A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela's Oil Minister Eulogio Del Pino, who called on OPEC and non-OPEC countries to join the agreement.
A Chinese firm in 2015 for the first time topped Bloomberg New Energy Finance’s (BNEF) annual ranking of onshore wind turbine manufacturers, BNEF said on Feb. 22.
Feb 22 (Reuters) - Oil markets will begin to rebalance in 2017 thanks to falling U.S. production but that decline will prove short-lived as efficiency gains will push U.S. output to new records by the beginning of the next decade, the International Energy Agency said on Monday.
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