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S&P lowers Mexico sovereign outlook to negative on AMLO oil plan

MEXICO CITY (Bloomberg) -- SP Global Ratings lowered its outlook for Mexicos sovereign debt to negative from stable, saying the nations shift to limit private sector involvement in energy could lower economic growth prospects. Other develop......【More】

2019-03-04

Resilient oil sands power Alberta budget through pipeline morass

CALGARY (Bloomberg) -- A relentless increase in production from Albertas oil sands and higher crude prices in the first half of the year are powering the province s budget through a pipeline shortage that has weighed on economic growth. The......【More】

2019-02-28

Marathon oil signs agreement for divestiture of UK business

HOUSTON -- Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOW......【More】

2019-02-26

Vitol expect oil to rally as OPEC, Venezuela cause shortage

LONDON (Bloomberg) -- The worlds largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a shortage of the low-quality heavy crudes refiners rely on. From here th......【More】

2019-02-25

U.S. shale boom keeps rolling even as wildcatters save cash

HOUSTON (Bloomberg) -- Americas surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. Almost all the independent producers have reduced their budgets for 2019......【More】

2019-02-21

Venezuelan oil finds home in India as U.S. shuns shipments

HOUSTON (Bloomberg) -- India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. While flows to the U.S. came to a halt, India became the No. 1 buyer of Venezuelan crude in t......【More】

2019-02-19

EU starts natural gas price war Trump and Putin will love

LONDON (Bloomberg) -- The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region. The battle wont brutalize earnings too much because gas suppl......【More】

2019-02-18

Oil crash is over, but debt is still piling up in the Gulf

NEW YORK (Bloomberg) -- The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the regions energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices......【More】

2019-02-15

API: New hire in North Carolina to promote key benefits of natural gas, oil

RALEIGH -- The American Petroleum Institute is growing its North Carolina office to bolster its advocacy efforts on the importance of natural gas and oil, energy infrastructure projects, and how the energy revolution helps support the conti......【More】

2019-02-13

Oil pushes higher as Venezuelan crisis threatens crude flows

NEW YORK and LONDON (Bloomberg) -- Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows. Futures rose as much as 1.5% in New York. Venezuela, owner of the worl......【More】

2019-01-28