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Oil prices jump but post weekly losses

NEW YORK, Nov. 17 (Xinhua) -- Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply. The West Texas Intermediate for December delivery was up 1.41 U.S. dollar to settle at 56.55 dollars a barrel on the New......【More】

2017-11-21

Oil short-sellers return as doubts loom on OPEC's horizon

NEW YORK (Bloomberg) --Short-selling is rearing its head in the oil marketagain. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit......【More】

2017-11-20

Oil prices decline on oversupply concerns

NEW YORK, Nov. 16 (Xinhua) -- Oil prices declined on Thursday as investors were concerned about lingering. The West Texas Intermediate for December delivery was down 19 U.S. cents to settle at 55.14 dollars a barrel on the New York Mercanti......【More】

2017-11-17

Oil prices drop on global demand outlook

NEW YORK, Nov. 14 (Xinhua) -- Oil prices declined on Tuesday after a report showing downward global demand raises concerns. The West Texas Intermediate for December delivery was down 1.06 U.S. dollars to settle at 55.70 dollars a barrel on......【More】

2017-11-16

Oil prices mixed amid geopolitical tension

NEW YORK, Nov. 13 (Xinhua) -- Oil prices settled mixed on Monday as geopolitical tension in Middle East offsets rising U.S. output. The West Texas Intermediate for December delivery was up 0.02 U.S. dollar to settle at 56.76 dollars a barre......【More】

2017-11-15

Hess Corp. issues statement on impact from incident at Shell Enchilada platform

NEW YORK -- Hess Corporation has released a statement about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the dama......【More】

2017-11-14

Venezuelan oil output heads to 29-year low as cash crunch grows

HOUSTON and NEW YORK (Bloomberg) --Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 MMbpd next year, the lowest compared with official government d......【More】

2017-11-13

Oil prices decrease after solid gains

NEW YORK, Nov. 7 (Xinhua) -- Oil prices eased on Tuesday, after both U.S. crude and Brent posted solid gains in the previous session. The West Texas Intermediate for December delivery ticked down 0.15 U.S. dollar to settle at 57.20 dollars......【More】

2017-11-10

TransCanada eyeing new names that lose "Canada"

CALGARY and NEW YORK (Bloomberg) --TransCanada Corp., which diversified heavily into the U.S. with its $10.2-billion Columbia Pipeline Group Inc. acquisition last year, is seeking trademarks on new company names that would excise its home c......【More】

2017-11-08

Oil prices surge after Saudi Arabia's anticorruption crackdown

NEW YORK, Nov. 6 (Xinhua) -- Oil prices rallied on Monday, after Saudi Arabia arrested 11 princes and 38 sitting and former ministers and deputy ministers over corruption charges. The West Texas Intermediate for December delivery rose 1.71......【More】

2017-11-07