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Late reversal sends oil lower as bulls can't kill fears of glut

NEW YORK (Bloomberg) -- Oil gave up all of its gains in the last half hour of trading and skidded to a loss as a smaller-than-expected decline in U.S. crude stockpiles revived fears of a global glut. Futures in New York settled 1% lower on......【More】

2018-12-13

Oil rises after report shows large crude-stockpile drop

NEW YORK and LONDON (Bloomberg) -- Oil edged higher after a U.S. industry report signaled a bigger-than-expected draw in crude inventories last week. Futures rose above $52/bbl in New York. The industry-funded American Petroleum Institute w......【More】

2018-12-12

Oil Soars After OPEC And Partners Reach Deal

On November 29, the first China-Russia Energy Business Forum opened in Beijing. As an important platform to promote energy cooperation between China and Russia, the forum is co-hosted by CNPC and Rosneft with the support of Ministry of Fore......【More】

2018-12-10

The First China-Russia Energy Business Forum Held In Beijing

On November 29, the first China-Russia Energy Business Forum opened in Beijing. As an important platform to promote energy cooperation between China and Russia, the forum is co-hosted by CNPC and Rosneft with the support of Ministry of Fore......【More】

2018-12-04

Alberta works to buy crude rail cars amid record low oil prices

CALGARY (Bloomberg) --Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices for its energy products. Premier Rachel Notley said in a speech in Ottaw......【More】

2018-11-29

Oil bulls flee as Saudis stir echo of worst rout in decades

NEW WORK (Bloomberg) -- Hedge funds havent been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost three years ago. Net-long wagers on the international benchmark fell 15% in......【More】

2018-11-27

As oil plunges, the real OPEC meeting will be at next week's G20

LONDON (Bloomberg) -- For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of......【More】

2018-11-26

Oil regains ground as capacity warnings counter Russia questions

NEW YORK CITY (Bloomberg) -- Oil prices regained ground after an earlier slide, as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. Futures in New York climbed less than 1%, after reve......【More】

2018-11-20

Shale oil's good, but it's not here to stay

LONDON (Bloomberg) -- U.S. shale may be the darling of the oil industry right now, but the boom isnt going to last, according to the International Energy Agency. The richest areas will have been exploited by the mid-2020s, meaning the avera......【More】

2018-11-14

Oil halts record losing streak as Saudis advocate supply cuts

NEW YORK (Bloomberg) -- Oil climbed the most in 2 1/2 weeks, halting an unprecedented decline, as Saudi Arabia pledged to curb output and urged allied crude producers to follow suit. Futures in New York gained as much as 1.8% after entering......【More】

2018-11-13