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OPEC set for another meeting with no deal after Doha failure

VIENNA, Austria (Bloomberg) -- After failing to reach an accord on oil supply in Doha last month, OPEC is poised to go another meeting with no agreement on how much crude to produce. All but one of 27 analysts surveyed by Bloomberg said the......【More】

2016-05-24

Total, Oil Search divvy InterOil assets in $2.2-billion deal

PARIS (Bloomberg) -- Total and Oil Search will divide the Papua New Guinea assets of InterOil Corp. in a two-step deal as global energy companies seek to expand the Pacific nations LNG exports. After buying 100% of its fellow Papua New Guin......【More】

2016-05-23

Oil rally seen having more to go as millions of barrels are lost

MELBOURNE, Australia (Bloomberg) -- Oil prices are yet to reflect all of the millions of barrels of crude lost to supply disruptions, according to Australia New Zealand Banking Group Ltd. Almost 2.5 MMbpd of supplies have been removed from......【More】

2016-05-20

Oil extends drop as unexpected stockpile gain expands U.S. glut

NEW YORK (Bloomberg) -- Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the most in more than eight decades. Futures slid as much as 0.8% in New York after falling from the high......【More】

2016-05-19

Oil rises to seven-month high as supply losses tame surplus

NEW YORK (Bloomberg) -- Oil hit a seven-month high on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess. West Texas Intermediate climbed as much as 1.5% in Ne......【More】

2016-05-18

Oil rises to six-month high as Goldman sees demand above output

NEW YORK (Bloomberg) -- Oil rose to a six-month high as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected following supply disruptions in Nigeria and an increase in demand. Futures climbed 3.3% in New York.......【More】

2016-05-17

The Oil & Gas Asset Clearinghouse expands into Mexico

HOUSTON -- OFSCap, LLC, has announced that its affiliate The Oil Gas Asset Clearinghouse is expanding its presence into Mexico. Clearinghouse and OFSCap will jointly offer advisory services through a concierge office in Mexico City dedicate......【More】

2016-05-16

Iran's speedy oil revival unlikely to mean change in OPEC stance

DUBAI (Bloomberg) -- Irans success in boosting crude output to the most since late 2011 is no incentive for it to join OPEC partners in curbing production to shore up prices. With crude rallying, analysts see no immediate need for action. O......【More】

2016-05-13

Oil rises after unexpected decline in U.S. crude stockpiles

NEW YORK (Bloomberg) -- Oil climbed after a government report showed that U.S. crude inventories unexpectedly declined. Futures rose as much as 3.3%. Crude stockpiles fell 3.41 MMbbl last week, the U.S. Energy Information Administration sai......【More】

2016-05-12

Stubborn natural gas supply imperils best U.S. rally in 14 years

NEW YORK (Bloomberg) -- Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story. Prices have gained about 30% from a 17-year low in Marc......【More】

2016-05-11