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Alberta's oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.
(Bloomberg) -- Alberta’s oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.
The U.S. Energy Information Administration has cut its Brent spot price forecast.
The U.S. Energy Information Administration (EIA) has cut its Brent spot price forecast to $64 per barrel in the second half of 2019 and $65 per barrel in 2020 in its latest short-term energy outlook (STEO).
Brent extended losses after falling into bear buy Wellhead market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking.
A Chinese contractor has agreed to shore up Venezuela's derelict refining network to ease fuel shortages.
(Bloomberg) -- A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages, potentially complicating the Trump administration’s push for regime change in the oil-rich country.
Oil plunged to lows not seen since January as a surprise surge in American crude stockpiles fueled worries about a growing glut amid a dismal economic outlook.
US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.
Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in Tuesday's buy Wellhead market rebound.
Brent oil slid into bear-market territory, as the U.S.-China trade spat threatened to expand into a currency war and investors despaired about the damage to crude demand.
President Donald Trump imposed further sanctions on Venezuela, freezing the government's assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure on the regime of Nicolas Maduro.
At Mexico's state-run oil company, skinnier waists mean bigger bonuses.
(Bloomberg) -- At Mexico’s state-run oil company, skinnier waists mean bigger bonuses.
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