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Oil declines as supply fears ease, Trump tweets on Chinese trade

NEW YORK (Bloomberg) -- Crude dropped the most in almost a month as global supply concerns receded and a demand-killing trade war intensified. Futures dropped as much as 2.8% in New York on Thursday. Even as Iranian crude exports shrink, it......【More】

2018-09-14

AMLO targets $3.9 billion in new oil investment

MEXICO CITY (Bloomberg) -- Mexicos next president Andres Manuel Lopez Obrador will allocate 75 billion pesos ($3.9 billion) in the budget next year to oil extraction in a bid to resuscitate flagging output. We are going to allocate budget r......【More】

2018-09-11

Growth in tight oil shakes up futures markets and hedging needs

NEW YORK (Bloomberg) -- The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the g......【More】

2018-09-07

Anglo African Oil & Gas reports temporary suspension of drilling at Tilapia field

LONDON -- Anglo African Oil Gas plc, an independent oil and gas developer, has announced that the company has been informed by its drilling contractor, SMP, that they have experienced a topside issue that has affected a rig offshore the Con......【More】

2018-09-06

African oil hunt returns as majors seek to unlock vast reserves

JOHANNESBURG (Bloomberg) -- Africa is entering the oil-hunt spotlight as drillers, flush with cash after crudes recovery, are turning their attention back to the continents potentially vast resources. The worlds biggest companies from Exxon......【More】

2018-09-06

U.S. throttles Iran oil flows to buyers who vowed resistance

SINGAPORE (Bloomberg) -- The worlds top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not. It was only about three months ago that Indias foreign minister said that......【More】

2018-09-05

Secret oil shipments could help Iran cushion U.S. sanctions blow

LONDON (Bloomberg) --Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 bpd of its oil exports flowing after U.S. sanctions resume in November. Irans Oil Minister Bijan Namdar Zanganeh alluded t......【More】

2018-09-04

Iran's oil exports slump to 2 1/2-year low before U.S. sanctions

LONDON (Bloomberg) -- Irans oil exports are tumbling again as the countrys key buyers in Asia take fewer cargoes in the weeks before U.S. sanctions take full effect. The Persian Gulf nation shipped just under 2.1 MMbpd of crude and condensa......【More】

2018-09-03

Crude oil advances amid signs of a tighter U.S. oil picture

NEW YORK (Bloomberg) -- Crude broke through $70/bbl for the first time in a month as shrinking stockpile levels in the U.S. combined with expectations of lower Iran exports point to tighter markets. Futures in New York advanced as much as 0......【More】

2018-08-31

Finalists announced for the 2018 World Oil Awards

HOUSTON --World Oiland Gulf Energy Information has announced the finalists for the 2018 World Oil Awards. For 17 years, these prestigious awards have honored the upstream energy industrys leading innovators and innovations. Click here for a......【More】

2018-08-30