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Oil prices edge up amid strong demand

NEW YORK, Dec. 5 (Xinhua) -- Oil prices edged higher on Tuesday amid strong demand and a deal to extend oil output cuts. The West Texas Intermediate for January delivery increased 0.15 U.S. dollar to settle at 57.62 dollars a barrel on the......【More】

2017-12-07

Oil prices fall on profit-taking

NEW YORK, Dec. 4 (Xinhua) -- Oil prices retreated on Monday, as investors were looking for excuses to lock in gains after recent solid gains. The West Texas Intermediate for January delivery decreased 0.89 U.S. dollar to settle at 57.47 dol......【More】

2017-12-06

Emerson completes Paradigm acquisition

ST. LOUIS -- Emerson has announced it has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. The combination of Paradigm with Emersons Roxar software business creates a comprehensive Exploratio......【More】

2017-12-05

Oil prices tumble amid U.S. inventory data

NEW YORK, Nov. 29 (Xinhua) -- Oil prices extended losses Wednesday as traders digested the newly-released U.S. crude stockpile data. The West Texas Intermediate for January delivery decreased 69 U.S. cents to settle at 57.30 dollars a barre......【More】

2017-12-01

Oil prices extend losses on stronger U.S. dollar

NEW YORK, Nov. 28 (Xinhua) -- Oil prices continued to fall Tuesday as a stronger U.S. dollar made the greenback-denominated oil less attractive for holders of other currencies. The West Texas Intermediate for January delivery decreased 12 U......【More】

2017-11-30

ExxonMobil starts production at Hebron field

IRVING, Texas -- ExxonMobil Corporation has announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 bopd. Discovered in 1980, Hebron field is estimated to contai......【More】

2017-11-29

Oil prices retreat ahead of OPEC meeting

NEW YORK, Nov. 27 (Xinhua) -- Oil prices declined Monday as investors awaited the OPEC (Organization of the Petroleum Exporting Countries) meeting scheduled to begin Thursday. The West Texas Intermediate for January delivery decreased 0.84......【More】

2017-11-28

Oil options cheapest in three years as OPEC meeting approaches

NEW YORK (Bloomberg) --Betting on price swings in oil costs the least in three years before next weeks OPEC meeting. Implied volatility of options on second-month West Texas Intermediate futures sank to 20.94% Friday, the lowest level since......【More】

2017-11-27

Eight energy majors commit to reducing methane emissions within natural gas industry

LONDON -- BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others......【More】

2017-11-23

Oil prices drop ahead of OPEC meeting

NEW YORK, Nov. 20 (Xinhua) -- Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week. The West Texas Intermediate for December Delivery lost 0.46 dol......【More】

2017-11-22