NEW YORK (Bloomberg) -- Oil gained after a U.S. government report showed the biggest decline in crude inventories since late July. Futures in New York advanced as much as 2.7% on Wednesday. Crude stockpiles fell 5.84 MMbbl last week, the En......【More】
2018-08-23HOUSTON -- Rack up one more thing robots can be used for: Fracing for oil. Bots already are used to vacuum floors, build cars and do heart surgery. Now, Halliburton Co. wants to add fracing to the to-do list. The worlds biggest provider of......【More】
2018-08-22LONDON and SINGAPORE (Bloomberg) -- Wild swings in the yuan and punitive storage costs are making oil traders think twice about a bet on Chinas fledgling crude futures that looks highly lucrative on paper. Last week, considering freight cos......【More】
2018-08-21OSLO (Bloomberg) --Backing down on drilling off Norways Lofoten islands could also threaten the search for 16 Bbbl of oil and gas that lies beneath the Barents Sea, the countrys energy minister said. The warning comes amid increasing signs......【More】
2018-08-20LONDON (Bloomberg) -- Signs of easing tensions between the worlds two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures. Oil in New York was little changed while crude in Londo......【More】
2018-08-17NEW YORK (Bloomberg) -- Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. Futures in New York fell as much as 3.8%......【More】
2018-08-16NEW YORK (Bloomberg) -- Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. Futures advanced as much as 1.7% in New York on Tuesday after Mondays decline. The rout in Turkish......【More】
2018-08-15MOSCOW (Bloomberg) --Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more than two decades of disputes. The treaty ends a spat......【More】
2018-08-13NEW YORK (Bloomberg) -- The pace of U.S. crude production growth might be slowing or at least thats what the government is seeing for now. The Energy Information Administration forecasts domestic oil output to average 11.7 MMbpd next year,......【More】
2018-08-08WASHINGTON D.C. (Bloomberg) -- The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the Islamic Republic snap back into effect on Tuesday,......【More】
2018-08-07