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Oil prices slip after recent gains

NEW YORK, Dec. 12 (Xinhua) -- Oil prices retreated on Tuesday after surging over one percent in the previous session. The West Texas Intermediate for January Delivery lost 0.85 dollar to settle at 57.14 dollars a barrel on the New York Merc......【More】

2017-12-13

Oil holds steady on OPEC oil-cuts review, increase in U.S. rigs

HONG KONG and LONDON (Bloomberg) --Oil held steady as U.S. drilling expanded and two OPEC nations signaled the group may phase out production cuts if the market improves by the middle of the year. Futures were little changed in New York aft......【More】

2017-12-12

Oil prices rebound amid short-covering

NEW YORK, Dec. 7 (Xinhua) -- Oil prices rose more than 1 percent on Thursday, as investors covered short positions after sharp losses in the previous session. The West Texas Intermediate for January delivery increased 73 U.S. cents to settl......【More】

2017-12-11

OPEC's surprise oil deal with Libya seen as empty gesture

CAIRO and LONDON (Bloomberg) --OPEC appeared to score a diplomatic coup last week by persuading Libya, its most troubled member, to accept production limits. In reality, the agreement probably means little for the oil market. The Organizati......【More】

2017-12-08

Oil prices edge up amid strong demand

NEW YORK, Dec. 5 (Xinhua) -- Oil prices edged higher on Tuesday amid strong demand and a deal to extend oil output cuts. The West Texas Intermediate for January delivery increased 0.15 U.S. dollar to settle at 57.62 dollars a barrel on the......【More】

2017-12-07

Oil prices fall on profit-taking

NEW YORK, Dec. 4 (Xinhua) -- Oil prices retreated on Monday, as investors were looking for excuses to lock in gains after recent solid gains. The West Texas Intermediate for January delivery decreased 0.89 U.S. dollar to settle at 57.47 dol......【More】

2017-12-06

Emerson completes Paradigm acquisition

ST. LOUIS -- Emerson has announced it has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. The combination of Paradigm with Emersons Roxar software business creates a comprehensive Exploratio......【More】

2017-12-05

Oil prices tumble amid U.S. inventory data

NEW YORK, Nov. 29 (Xinhua) -- Oil prices extended losses Wednesday as traders digested the newly-released U.S. crude stockpile data. The West Texas Intermediate for January delivery decreased 69 U.S. cents to settle at 57.30 dollars a barre......【More】

2017-12-01

Oil prices extend losses on stronger U.S. dollar

NEW YORK, Nov. 28 (Xinhua) -- Oil prices continued to fall Tuesday as a stronger U.S. dollar made the greenback-denominated oil less attractive for holders of other currencies. The West Texas Intermediate for January delivery decreased 12 U......【More】

2017-11-30

ExxonMobil starts production at Hebron field

IRVING, Texas -- ExxonMobil Corporation has announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 bopd. Discovered in 1980, Hebron field is estimated to contai......【More】

2017-11-29