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Oil gives pause to Kazakhstan's wealth fund on asset sales

SINGAPORE (Bloomberg) -- The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with a......【More】

2016-08-18

Venezuela oil exports seen falling as economic woes worsen

NEW YORK (Bloomberg) -- The long decline in Venezuelas oil production is becoming a supply risk for international markets, according to a report by Columbia Universitys Center on Global Energy Policy. Exports from the holder of the worlds l......【More】

2016-08-17

Oil market hears what it wants, but it's just chatter: Column

NEW YORK (Bloomberg Gadfly) -- As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8% over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday......【More】

2016-08-16

Oil rises to weekly gain as Saudis reiterate wish for stability

NEW YORK (Bloomberg) -- Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled its prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market. Futures rose......【More】

2016-08-15

IEA sees oil market rebalancing despite record Gulf production

PARIS (Bloomberg) -- Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy Agency predicted. Refiners around the wor......【More】

2016-08-12

Taqa second-quarter loss widens on lower oil, gas prices

DUBAI (Bloomberg) -- Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and natural gas prices crimped revenue. The shares fell for the first time this we......【More】

2016-08-11

Oil bear market attracts record bets on further price slide

NEW YORK (Bloomberg) -- Hedge funds have gone all-in on lower oil prices, counting on seasonal weakness to play out again this year. Money managers increased wagers on declining crude prices to a record as futures dropped to the lowest in m......【More】

2016-08-10

Oil trades near two-week high as investors weigh OPEC talks

NEW YORK (Bloomberg) -- Oil traded near the highest in two-weeks as investors weighed whether OPEC members will be able to agree on any production limits when they hold informal talks in Algiers next month. Futures slipped 0.3% in New York......【More】

2016-08-09

Libya starts work at biggest oil port in step to increase output

Libya starts work at biggest oil port in step to increase output By HATEM MOHAREB, SALMA EL WARDANY on 8/7/2016 RAS LANUF, Libya (Bloomberg) -- Libya has started maintenance work at Es Sider port, the nations largest oil export terminal, as......【More】

2016-08-08

Oil above $100/bbl was ‘abnormal,’ OPEC’s new chief says

VIENNA, Austria (Bloomberg) -- Oils climb above $100/bbl before prices crashed in 2014 was driven by abnormal conditions that couldnt last, according to OPECs new Secretary-General. The skyrocketing of prices that pushed crude as high as $1......【More】

2016-08-05