NEW YORK (Bloomberg) -- The check is not in the mail. Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by......【More】
2016-03-18NEW YORK (Bloomberg) -- Oil maintained gains after a government report showed a smaller-than-anticipated U.S. crude inventory increase. Crude inventories rose 1.32 MMbbl to 523.2 MMbbl last week, according to the Energy Information Administ......【More】
2016-03-17TEHRAN (Bloomberg) -- Iran may join other oil suppliers in freezing production after restoring its own output to levels before sanctions were imposed, Russian Energy Minister Alexander Novak said after meeting with the Persian Gulf nations......【More】
2016-03-15TEHRAN (Bloomberg) -- Iran plans to boost crude output to 4 MMbpd before it will consider joining other suppliers in seeking ways to rebalance the global oil market. They should leave us alone until then, Oil Minister Bijan Zanganeh said, a......【More】
2016-03-14VIENNA, Austria (Bloomberg) -- A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step. OPEC members and rival produc......【More】
2016-03-11WASHINGTON, D.C. -- Women and minorities will fill an exceptional number of the nearly 1.9 million job opportunities projected in the oil and natural gas and petrochemical industries by 2035, according to a new IHS report, Minority and Fema......【More】
2016-03-10WASHINGTON, D.C. (Bloomberg) -- U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report. Producers from Texas to Alaska will pump 8.19 MMbopd......【More】
2016-03-09IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at home after a 40-year export ban was lifted.......【More】
2016-03-07CALGARY, Alberta (Bloomberg) -- Canadian Natural Resources Ltd. lowered its 2016 capital budget about 22%, joining peers in clawing back investments as price assumptions fall in the worst oil rout in a generation. Canadas largest heavy-crud......【More】
2016-03-04NORWICH, United Kingdom -- Oil Gas UK and East of England Energy Group (EEEGR) have signed a Memorandum of Cooperation (MoC) with the aim of developing a closer relationship, which better serves and promotes the interests of the organizatio......【More】
2016-03-03