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Oil gains near $52 as U.S. drillers cut rigs

LONDON (Bloomberg) -- Oil rose to near $52/bbl as the dollar fell and U.S. drillers cut rigs to the lowest in eight weeks. Futures in New York gained as much as 1.3%. The number of oil rigs in America fell to by four to 873 last week and th......【More】

2018-12-18

Occidental CEO wants to keep rigs running even after oil's slump

WASHINGTON (Bloomberg) -- Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to CEO Vicki Hollub. Were going to keep our rigs running and were going......【More】

2018-12-17

Trading `God' says shale has oil prophets groping in dark

NEW YORK (Bloomberg) -- Andy Hall, the oil trader nicknamed God for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies. Thats because shale producers are a lot more responsive to price s......【More】

2018-12-14

Late reversal sends oil lower as bulls can't kill fears of glut

NEW YORK (Bloomberg) -- Oil gave up all of its gains in the last half hour of trading and skidded to a loss as a smaller-than-expected decline in U.S. crude stockpiles revived fears of a global glut. Futures in New York settled 1% lower on......【More】

2018-12-13

Oil rises after report shows large crude-stockpile drop

NEW YORK and LONDON (Bloomberg) -- Oil edged higher after a U.S. industry report signaled a bigger-than-expected draw in crude inventories last week. Futures rose above $52/bbl in New York. The industry-funded American Petroleum Institute w......【More】

2018-12-12

Oil Soars After OPEC And Partners Reach Deal

On November 29, the first China-Russia Energy Business Forum opened in Beijing. As an important platform to promote energy cooperation between China and Russia, the forum is co-hosted by CNPC and Rosneft with the support of Ministry of Fore......【More】

2018-12-10

The First China-Russia Energy Business Forum Held In Beijing

2018-12-04

Alberta works to buy crude rail cars amid record low oil prices

CALGARY (Bloomberg) --Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices for its energy products. Premier Rachel Notley said in a speech in Ottaw......【More】

2018-11-29

Oil bulls flee as Saudis stir echo of worst rout in decades

NEW WORK (Bloomberg) -- Hedge funds havent been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost three years ago. Net-long wagers on the international benchmark fell 15% in......【More】

2018-11-27

As oil plunges, the real OPEC meeting will be at next week's G20

LONDON (Bloomberg) -- For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of......【More】

2018-11-26