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U.S. oil, gas exports key to more stable global energy markets: ACCF

WASHINGTON, D.C. -- The free trade of Americas abundant energy resources would provide an invaluable opportunity for the U.S. to help strengthen and stabilize global energy markets, especially if China is engaged as a partner, according to......【More】

2015-11-06

Mexico casts wider net for oil buyers as U.S. interest wanes

MEXICO CITY (Bloomberg) -- Mexico isnt breaking up with U.S. oil refiners, but it sure seems like it wants to see other people. Mexico reduced its crude exports to the U.S. in September to the lowest level in more than 25 years as it looks......【More】

2015-11-05

U.A.E. sees crude gaining in 2016 on stronger demand, less shale

MAHMOUD HABBOUSH ABU DHABI (Bloomberg) -- Improving economies in Europe and elsewhere together with a continued decline in output of shale oil point to a recovery in demand for crude and an increase in prices next year, according to United......【More】

2015-11-04

Russian crude output hits post-Soviet record defying price slump

STEPHEN BIERMAN MOSCOW (Bloomberg) -- Russian oil production broke a post-Soviet record in October for the fourth time this year as earlier investments boosted output and producers prove resilient to lower crude prices. Production of crude......【More】

2015-11-03

Want to see who’s happy about low oil prices? Look at refiners

HOUSTON (Bloomberg) -- While oil drillers cut spending to the bone, U.S. refiners are reaping a windfall from low oil prices. Tesoro Corp. reported record profit in the third quarter, while Valero Energy, Phillips 66 and Marathon Petroleum......【More】

2015-11-02

‘Too low’ crude prices seen rising to $80 in 2018 by Statoil

SERENE CHEONG SINGAPORE (Bloomberg) -- Crude prices that have almost halved in the past year are unsustainable at current levels as cuts to investments and postponement of projects will lead to a decline in supply growth, according to Norwa......【More】

2015-10-30

Statoil quarterly profit falls 60% after crude collapse

MIKAEL HOLTER STAVANGER, Norway (Bloomberg) -- Statoil ASA, Norways biggest oil company, said third-quarter earnings fell 60% as the average crude price in the period dropped to the lowest since 2009. Adjusted net income, which excludes fin......【More】

2015-10-29

Haze cuts Indonesia's oil production as pollution affects workers

JAKARTA, Indonesia (Bloomberg) -- Indonesias forest fires are cutting the countrys crude oil production and briefly shut a BP Plc gas plant this month, in the first signs the haze pollution is affecting industry. Haze from the fires on Suma......【More】

2015-10-28

Algeria backs Venezuela on OPEC, non-OPEC summit to boost prices

HELENE FOUQUET and MAHER CHMAYTELLI PARIS (Bloomberg) -- Algeria supports Venezuelas call for a summit among heads of state from OPEC and other oil-exporting nations in a bid to lift crude prices, Algerian Foreign Minister Ramtane Lamamra s......【More】

2015-10-27

Oil caps biggest weekly loss since August as supply glut deepens

RAKTEEM KATAKEY and MORNING ZHOU LONDON (Bloomberg) -- Oil capped the biggest weekly decline since August as expanding U.S. crude stockpiles exacerbate a global glut. West Texas Intermediate crude fell to a three-week low, widening its disc......【More】

2015-10-26