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Crude Oil Down on OPEC Uncertainty
Posted on Monday November 19, 2018

WTI and Brent crude futures prices fell on concerns about OPEC, economic growth and soft petroleum demand.

US Gasoline Price Approaches Level for Last Thanksgiving
Posted on Monday November 19, 2018

AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.

Pacific Drilling Emerges from Bankruptcy
Posted on Monday November 19, 2018

Pacific Drilling emerges from Chapter 11 bankruptcy and names a new CEO.

Trump Wants to Expand Drilling in Alaskan Oil Reserve
Posted on Monday November 19, 2018

The Trump administration is moving to expand the territory open for oil exploration in Alaska's National Petroleum Reserve.

Heerema to Sell Yards and Cut Staff
Posted on Monday November 19, 2018

HFG contends 'the risks associated with building topsides are high and clients are not prepared to pay for this risk.'

Deep Divisions Hinder Canadian Oil Patch
Posted on Monday November 19, 2018

The Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions.

TurkStream Gas Pipeline Offshore Section Complete
Posted on Monday November 19, 2018

The construction of the offshore section of the TurkStream gas pipeline in the Black Sea has been completed.

Energy Firms Help California Wildfire Relief Efforts
Posted on Monday November 19, 2018

Several energy companies have pledged donations to support relief efforts for those affected by the wildfires in California.

Oil Holds Near $57
Posted on Monday November 19, 2018

Crude markers in New York and London have both fallen more than 20% from their October highs.

Oil Advances as Capacity Warnings Counter Russia Queries
Posted on Sunday November 18, 2018

Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production.

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.