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Iran touts Russia's plan to invest in its oil with sanctions looming

MOSCOW (Bloomberg) -- Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions. President Vladimir Putin has confirmed......【More】

2018-07-16

Oil patch has fastest-rising rent in U.S.

HOUSTON (Bloomberg) -- Want to rent an apartment near the biggest U.S. oil patch? Itll cost you. Rent in West Texas, home to the Permian basin, climbed to the highest since at least 2005, based on data from apartment rental website RENTCafe......【More】

2018-07-12

U.S. is set to become world's top oil producer, government says

NEW YORK (Bloomberg) -- The U.S. government sees oil production further climbing next year even amid transportation logjams in the countrys most prolific shale play. The Energy Information Administration sees U.S. crude output averaging 11.......【More】

2018-07-11

Canadian oil supplies to stay tight with Syncrude down for weeks

CALGARY (Bloomberg) -- Canadian crude supplies may remain tight in the coming weeks as Suncor Energy Inc. works to bring its massive Syncrude oil-sands operation back online, a process that the company said wont be completed until September......【More】

2018-07-10

U.S. oil could soon help set the Brent crude price

LONDON (Bloomberg) -- SP Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much Americas bo......【More】

2018-07-09

Tehran taunts Trump, telling him his tweets drive up oil prices

DUBAI (Bloomberg) -- The Islamic Republics OPEC governor, Hossein Kazempour Ardebili, said tweets by Irans nemesis in the White House are backfiring, by sending prices higher, and undermining U.S. allies. Your tweets have driven the prices......【More】

2018-07-06

Mexico oil hedge expected to continue with president-elect, adviser says

MEXICO CITY (Bloomberg) -- Mexicos new government will probably continue hedging the countrys oil output in what is the worlds largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador. The cou......【More】

2018-07-05

Oil slips after briefly breaching $75 for first time since 2014

NEW YORK (Bloomberg) -- Crude oil fell from its highest level in more than three years in New York on prospects for accelerating supply and as traders curbed bullish bets before tomorrows public holiday. Futures in New York jumped as much a......【More】

2018-07-04

Free oil market to reign in Argentina, new energy minister says

BUENOS AIRES (Bloomberg) -- Argentinas move to a free market for energy prices remains on track. A recent decision to cap crude oil prices and limit fuel price gains in order to stem inflation was an outlier, according to Javier Iguacel, th......【More】

2018-07-03

Texas oil and gas production statistics for April 2018

AUSTIN Production for April 2018 as reported to the Railroad Commission of Texas (Commission) is 83,157,720 barrels of crude oil and 548,754,930 mcf (thousand cubic feet) of total gas from oil and gas wells. These preliminary figures are ba......【More】

2018-07-02