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Canadian gas prices rise after new pipeline rules dampen volatility

CALGARY (Bloomberg) - Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage......【More】

2020-01-15

Oil set for biggest weekly loss since July as Mideast risk eases

SINGAPORE (Bloomberg) - Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies. Futures initially soared......【More】

2020-01-13

Oil steadies after giving up gains from U.S.-Iran hostilities

SINGAPORE (Bloomberg) - Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt exports from the Middle East. Brent held above $65......【More】

2020-01-10

Oil extends gains on U.S. inventory decline, trade deal optimism

SINGAPORE (Bloomberg) - Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew. Futures rose as much as 0.7% in New York, extending gains as trading re......【More】

2019-12-27

Oil tops $61 as U.S. crude oil inventories seen declining

NEW YORK (Bloomberg) - Oil settled above $61/bbl amid light volume as U.S. President Donald Trump said a preliminary trade deal with China is done and ahead of government data expected to show another crude stockpile decline. Futures rose 1......【More】

2019-12-26

Saudi Arabia, Kuwait agree to resume oil output at shared fields

CAIRO (Bloomberg) - Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. The agreement allows the resumption of oil production from the joint fields, the Saudi energy m......【More】

2019-12-25

Oil steadies after biggest loss in three weeks on supply outlook

SINGAPORE (Bloomberg) - Oil steadied after the biggest decline in three weeks on Friday as Kuwait aimed to reach a deal with Saudi Arabia that will restore crude output along their border, and U.S. shale explorers boosted drilling. February......【More】

2019-12-24

Oil steadies at three-month high after surprise U.S. crude draw

NEW YORK (Bloomberg) - Oil steadied at the highest level since September after the U.S. government reported a surprise draw in crude inventories. Futures in New York hovered near $61 a barrel. Crude supplies are at the lowest level since ea......【More】

2019-12-20

China breaks global record for oil imports, and the numbers are still growing

NEW YORK (Bloomberg) - China is breaking records for crude oil imports, and isnt likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the U.S. will bolster the economy. Even as economic expansi......【More】

2019-12-18

Equatorial Guinea expects $1.4 billion in oil investments in 2020

ABIDJAN, EQUATORIAL GUINEA (Bloomberg) - Equatorial Guinea forecasts investments of at least $1.4 billion in its hydrocarbon sector next year through the development of oil projects and an increase in exploration. The Organization of the Pe......【More】

2019-12-17