NEW YORK (Bloomberg) -- Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global surplus. Futures fell by as much as 1.8 percent. Libyan output expanded to 560,000 bopd, according to......【More】
2016-10-18OKLAHOMA CITY (Bloomberg) -- Dont expect a major ramp-up of oil production in Oklahomas hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.s CEO. Producers need more e......【More】
2016-10-17CHICAGO (Bloomberg) -- RSP Permian Inc. agreed to pay $2.4 billion in cash and stock for Silver Hill Energy Partners amid increasing competition for drilling rights in the biggest U.S. oil field. RSP plans to finance the transaction with $1......【More】
2016-10-14LONDON (Bloomberg) -- Royal Dutch Shell has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its UK North Sea assets worth about $2 billion, according to people......【More】
2016-10-13A week dominated by taper and OPEC talk saw fund investors desert DMequities, moving into oil-sensitive EM mandates and HY funds. DM equityredemptions were the highest since end-July as DM ETF inflows (whichbenefitted from positive risk sen......【More】
2016-10-12LONDON (Bloomberg) -- A meeting in Algiers at the end of September between OPEC and Russiawhich together pump more than half the worlds oilhas raised expectations that a deal could be struck to boost prices. Oil is still trading at half its......【More】
2016-09-09LONDON -- GE Oil Gas has signed a major agreement with MODEC, an owner/operator and EPCI general contractor of floating production systems, to supply and service gas turbines for FPSOs in Brazil. MODEC ordered GE gas turbines for eight FPSO......【More】
2016-09-08LONDON (Bloomberg) -- An international agreement to cap crude-oil output in a way that would restrict actual supply and support prices looks no nearer after the two largest producers pledged to cooperate. Most members of the Organization of......【More】
2016-09-07SINGAPORE (Bloomberg) -- As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says its ready to pump more. The OPEC member can raise production to 4 MMbpd in two to three......【More】
2016-09-06HANGZHOU, China (Bloomberg) -- Global oil-market stability is impossible without the cooperation of Russia and Saudi Arabia, the worlds biggest crude producers, the kingdoms influential deputy crown prince said, speaking with Vladimir Putin......【More】
2016-09-05