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Saudis offer carrot and stick to get OPEC to defend oil prices

VIENNA (Bloomberg) - Saudi Arabia, the dominant force in OPEC, is using both carrot and stick to talk other members of the oil cartel into defending prices at Thursdays ministerial meeting. Saudi Oil Minister Prince Abdulaziz bin Salman, in......【More】

2019-12-09

Oil holds gain as OPEC ministers gather for Vienna meeting

SINGAPORE (Bloomberg) - Oil held its biggest surge in more than two months as OPEC ministers gather in Vienna do discuss output cuts. Futures were little changed in New York after jumping 4.2% on Wednesday, the biggest gain since the attack......【More】

2019-12-06

Oil rallies on renewed trade deal prospects before OPEC+ meeting

NEW YORK (Bloomberg) - Oil rose as the U.S. and China moved closer to a trade deal and before the OPEC+ alliance meets later this week to consider extending its output-cut policy. Futures advanced as much as 2.8% in New York. The U.S. and C......【More】

2019-12-05

Oil extends gains as OPEC+ prepares to meet

NEW YORK (Bloomberg) - Oil rose for a second day as investors focused on the upcoming OPEC+ meeting that could lead to deeper supply cuts by some of the worlds biggest crude producers. Futures edged higher in New York on Tuesday to the high......【More】

2019-12-04

Rising number of North Sea oil and gas firms engaged in energy transition

ABERDEEN - Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or develop low carbon solutions, according to an industr......【More】

2019-12-03

Oil rises as optimism about U.S.-China trade-war truce abounds

NEW YORK (Bloomberg) - Oil advanced, shedding earlier losses, amid growing optimism about prospects for a settlement in the long-running U.S.-China trade war. Futures rose 0.4% in New York on Monday. In a bid to address a key sticking point......【More】

2019-11-28

Oil rises on signs of U.S. supply drop, OPEC’s shale outlook

SINGAPORE (Bloomberg) - Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a sharp slowdown in American shale output next year. Futures added 1.1% in New York. Ex......【More】

2019-11-15

Aramco sees oil demand falling after 2040, per IPO prospectus

DUBAI (Bloomberg) - Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramcos initial public offering, suggesting views are slowly changing in the kingdom where officials lo......【More】

2019-11-12

Oil climbs to six-week high on signs of trade war resolution

NEW YORK (Bloomberg) - Oil rose to a six-week high on mounting signs that a resolution to the U.S.-China trade dispute is imminent. Futures advanced as much as 1.8% on Monday in New York. Chinese government officials are considering locatio......【More】

2019-11-06

Oil posts biggest weekly gain in five weeks on trade optimism

CALGARY (Bloomberg) - Oil posted the biggest weekly gain in more than a month as supplies tightened and the White House signaled progress on U.S.-China trade talks. Futures in New York rose for a fourth day. U.S. crude stockpiles fell for t......【More】

2019-10-28