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Vitol expect oil to rally as OPEC, Venezuela cause shortage

LONDON (Bloomberg) -- The worlds largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a shortage of the low-quality heavy crudes refiners rely on. From here th......【More】

2019-02-25

U.S. shale boom keeps rolling even as wildcatters save cash

HOUSTON (Bloomberg) -- Americas surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. Almost all the independent producers have reduced their budgets for 2019......【More】

2019-02-21

Venezuelan oil finds home in India as U.S. shuns shipments

HOUSTON (Bloomberg) -- India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. While flows to the U.S. came to a halt, India became the No. 1 buyer of Venezuelan crude in t......【More】

2019-02-19

EU starts natural gas price war Trump and Putin will love

LONDON (Bloomberg) -- The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region. The battle wont brutalize earnings too much because gas suppl......【More】

2019-02-18

Oil crash is over, but debt is still piling up in the Gulf

NEW YORK (Bloomberg) -- The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the regions energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices......【More】

2019-02-15

API: New hire in North Carolina to promote key benefits of natural gas, oil

RALEIGH -- The American Petroleum Institute is growing its North Carolina office to bolster its advocacy efforts on the importance of natural gas and oil, energy infrastructure projects, and how the energy revolution helps support the conti......【More】

2019-02-13

Oil pushes higher as Venezuelan crisis threatens crude flows

NEW YORK and LONDON (Bloomberg) -- Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows. Futures rose as much as 1.5% in New York. Venezuela, owner of the worl......【More】

2019-01-28

Oil falters as U.S. shutdown, China trade cast pall over economy

NEW YORK (Bloomberg) -- Crude prices fell to the lowest level in almost a week as China warned of serious challenges to the global economy and the U.S. government shutdown cast a pall over growth. Futures slid 0.7% in New York on Wednesday,......【More】

2019-01-24

Oil slumps most in a month as IMF, trade dispute darken outlook

NEW YORK (Bloomberg) -- Oil slumped by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market. Futures fell 2.3% in New York on Tuesday as traders returned from a long holiday weeken......【More】

2019-01-23

Oil steadies near two-month high as U.S. drilling slows down

LONDON and CALGARY (Bloomberg) -- Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.......【More】

2019-01-22