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Hedge fund with 69% return sees more to come from oil recovery

OSLO (Bloomberg) --A hedge fund run by a former associate of billionaire John Fredriksen has gained 69% in two years betting on shunned oil-related assets -- and its not nearly done exploiting the recovery. The Titan Opportunities Fund, whi......【More】

2018-06-11

OPEC finds rewards from oil-supply cuts weren't evenly split

LONDON (Bloomberg) --OPECs members all benefited from last years supply deal, but the rewards werent evenly divided. The Organization of Petroleum Exporting Countries overall oil-export revenues climbed by 28% in 2017 to $578 billion, accor......【More】

2018-06-08

Repsol shows faith in oil's rally with dividend, spending boost

MADRID (Bloomberg) --Repsol SA, Spains largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl. The scrip dividend -- a payout to shareholders in stock -- will cli......【More】

2018-06-07

Goldman says U.S. oil request won't stop stockpiles dwindling

LONDON (Bloomberg) --The outlook for oil is still bullish even if OPEC accedes to U.S. pressure to boost supply, Goldman Sachs Group Inc.s top commodities analyst said. The U.S. government has quietly asked Saudi Arabia and some other produ......【More】

2018-06-06

Shell says Nigeria attacks persist even as oil output recovers

ABUJA (Bloomberg) --Nigerias oil wells may be flowing again, but the countrys largest operator says attacks continue to put a brake on output. Security in parts of the Niger delta remains a major concern with persisting incidents of crimina......【More】

2018-06-05

Oil slips after Saudi-Russian revival talk "popped the bubble"

NEW YORK (Bloomberg) --Crude fell for a fifth straight day as the market weighs the prospects of rising production from Saudi Arabia and Russia. Futures fell 1.7% in New York to their lowest level in six weeks. Saudi Arabia and Russia last......【More】

2018-05-30

Saudi-Russia policy shift sets stage for tense OPEC meeting

LONDON (Bloomberg) --When Saudi Arabia and Russia announced a new policy to revive oil production last week, one thing was missing: most of the other partners in their grand coalition. With oil supplies tightening and prices soaring, the tw......【More】

2018-05-28

Oil extends slide as Russia talks of easing OPEC supply curbs

NEW YORK (Bloomberg) --Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table. West Texas Intermediate futures slipped as much as 1.8% on......【More】

2018-05-25

The $100/bbl oil wager comes back to the options market

LONDON (Bloomberg) --Some options traders are betting on $100 oil again. Whether its the specter of sanctions on Iran, Venezuelas output plunge, or a momentum play on the back of the past years 46% surge in Brent, there are now the equivale......【More】

2018-05-24

Norway's $1-trillion wealth fund moves closer to oil exit

OSLO (Bloomberg) --Norways $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. The fund won support from key academics at Norways top universities, whose responses are part of a hearing pro......【More】

2018-05-23