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Oil set for weekly drop as Trump issues new trade threats

CALGARY (Bloomberg) -- Oil headed for a third weekly loss amid concern escalating trade rows would undercut energy demand, undermining reassurances from Saudi Arabia that it wont flood global crude markets. Futures pared gains in New York o......【More】

2018-07-23

Oil's hired hands are looking beyond shale to an overseas ＂boomlet＂

HOUSTON (Bloomberg) -- The worlds biggest oilfield-service companies may have finally found something to talk about beyond the U.S. shale boom. The oil explorers they serve are forecast to boost spending for a second straight year. While No......【More】

2018-07-20

Diversity is in vogue again as oil investors see potential beyond shale

NEW YORK (Bloomberg) -- Suddenly, diversity is in again for the oil business. Explorers with a hand in multiple fronts -- from onshore to deepwater, pumping crude to refining it -- are trading at a premium to pure-play U.S. shale drillers,......【More】

2018-07-19

Iran touts Russia's plan to invest in its oil with sanctions looming

MOSCOW (Bloomberg) -- Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions. President Vladimir Putin has confirmed......【More】

2018-07-16

Oil patch has fastest-rising rent in U.S.

HOUSTON (Bloomberg) -- Want to rent an apartment near the biggest U.S. oil patch? Itll cost you. Rent in West Texas, home to the Permian basin, climbed to the highest since at least 2005, based on data from apartment rental website RENTCafe......【More】

2018-07-12

U.S. is set to become world's top oil producer, government says

NEW YORK (Bloomberg) -- The U.S. government sees oil production further climbing next year even amid transportation logjams in the countrys most prolific shale play. The Energy Information Administration sees U.S. crude output averaging 11.......【More】

2018-07-11

Canadian oil supplies to stay tight with Syncrude down for weeks

CALGARY (Bloomberg) -- Canadian crude supplies may remain tight in the coming weeks as Suncor Energy Inc. works to bring its massive Syncrude oil-sands operation back online, a process that the company said wont be completed until September......【More】

2018-07-10

U.S. oil could soon help set the Brent crude price

LONDON (Bloomberg) -- SP Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much Americas bo......【More】

2018-07-09

Tehran taunts Trump, telling him his tweets drive up oil prices

DUBAI (Bloomberg) -- The Islamic Republics OPEC governor, Hossein Kazempour Ardebili, said tweets by Irans nemesis in the White House are backfiring, by sending prices higher, and undermining U.S. allies. Your tweets have driven the prices......【More】

2018-07-06

Mexico oil hedge expected to continue with president-elect, adviser says

MEXICO CITY (Bloomberg) -- Mexicos new government will probably continue hedging the countrys oil output in what is the worlds largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador. The cou......【More】

2018-07-05