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Oil options cheapest in three years as OPEC meeting approaches

NEW YORK (Bloomberg) --Betting on price swings in oil costs the least in three years before next weeks OPEC meeting. Implied volatility of options on second-month West Texas Intermediate futures sank to 20.94% Friday, the lowest level since......【More】

2017-11-27

Eight energy majors commit to reducing methane emissions within natural gas industry

LONDON -- BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others......【More】

2017-11-23

Oil prices drop ahead of OPEC meeting

NEW YORK, Nov. 20 (Xinhua) -- Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week. The West Texas Intermediate for December Delivery lost 0.46 dol......【More】

2017-11-22

Oil prices jump but post weekly losses

NEW YORK, Nov. 17 (Xinhua) -- Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply. The West Texas Intermediate for December delivery was up 1.41 U.S. dollar to settle at 56.55 dollars a barrel on the New......【More】

2017-11-21

Oil short-sellers return as doubts loom on OPEC's horizon

NEW YORK (Bloomberg) --Short-selling is rearing its head in the oil marketagain. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit......【More】

2017-11-20

Oil prices decline on oversupply concerns

NEW YORK, Nov. 16 (Xinhua) -- Oil prices declined on Thursday as investors were concerned about lingering. The West Texas Intermediate for December delivery was down 19 U.S. cents to settle at 55.14 dollars a barrel on the New York Mercanti......【More】

2017-11-17

Oil prices drop on global demand outlook

NEW YORK, Nov. 14 (Xinhua) -- Oil prices declined on Tuesday after a report showing downward global demand raises concerns. The West Texas Intermediate for December delivery was down 1.06 U.S. dollars to settle at 55.70 dollars a barrel on......【More】

2017-11-16

Oil prices mixed amid geopolitical tension

NEW YORK, Nov. 13 (Xinhua) -- Oil prices settled mixed on Monday as geopolitical tension in Middle East offsets rising U.S. output. The West Texas Intermediate for December delivery was up 0.02 U.S. dollar to settle at 56.76 dollars a barre......【More】

2017-11-15

Hess Corp. issues statement on impact from incident at Shell Enchilada platform

NEW YORK -- Hess Corporation has released a statement about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the dama......【More】

2017-11-14

Venezuelan oil output heads to 29-year low as cash crunch grows

HOUSTON and NEW YORK (Bloomberg) --Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 MMbpd next year, the lowest compared with official government d......【More】

2017-11-13