NEW YORK CITY (Bloomberg) -- Oil prices regained ground after an earlier slide, as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. Futures in New York climbed less than 1%, after reve......【More】
2018-11-20LONDON (Bloomberg) -- U.S. shale may be the darling of the oil industry right now, but the boom isnt going to last, according to the International Energy Agency. The richest areas will have been exploited by the mid-2020s, meaning the avera......【More】
2018-11-14NEW YORK (Bloomberg) -- Oil climbed the most in 2 1/2 weeks, halting an unprecedented decline, as Saudi Arabia pledged to curb output and urged allied crude producers to follow suit. Futures in New York gained as much as 1.8% after entering......【More】
2018-11-13JOHANNESBURG (Bloomberg) -- South Sudans optimism about restoring oil output to 350,000 bpd depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 1......【More】
2018-11-08DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in Sinor Nest (Lower Wilcox) field for net proceeds of $132 mil......【More】
2018-11-02BOGOTA (Bloomberg) -- Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years. The financing bill to be presented to Congress Wednesday proposes the creation of......【More】
2018-11-01LONDON (Bloomberg) -- Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom. Futures fell as much as......【More】
2018-10-19NEW YORK (Bloomberg) -- Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles. Futures fell 3% in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecas......【More】
2018-10-18SINGAPORE (Bloomberg) -- The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 MMbpd in the third quarter, the International Energy Agency said Friday in its monthly oil market report. O......【More】
2018-10-15JOHANNESBURG (Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bbl could again be in sight, investors are wary befo......【More】
2018-10-12