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Trump Recognizes Guaido as Venezuela Leader
Wednesday, January 23, 2019 President Trump recognizes Juan Guaido as the interim president of Venezuela minutes after the opposition leader declared himself the head of state.
OPEC-Style Cut Leaves Canada Market in Dark
Wednesday, January 23, 2019 Alberta's OPEC-style oil production cut is working as planned, according to the Canadian province, but a dearth of timely crude-market data means traders don't really know what's going on.
Oil Holds Losses Near $53
Wednesday, January 23, 2019 Oil held its losses from Tuesday at near $53 a barrel as pessimism over the prospects for a US-China trade deal clouded the global economic outlook.
Traders Sold German Gas That Never Showed Up
Friday, January 18, 2019 Several natural gas traders last year sold the fuel into Germany's pipeline network, but now an investigation is under way.
US Will Likely Grant Fewer Waivers in May
Thursday, January 17, 2019 The United States will likely grant fewer waivers to buyers of Iranian oil when they're up for renewal in May, according to IHS Markit.
Libya's Haftar Plans to Secure Oil Areas
Tuesday, January 15, 2019 Forces allied to Khalifa Haftar have entered the city of Sebha as part of a campaign to secure the country's lawless south and protect its oil-producing infrastructure, his spokesman says.
Policy Creating Hurdles for Canada's Oil Patch
Tuesday, January 15, 2019 The goal of Premier Rachel Notley's mandated production cut is to reduce the storage glut and get oil prices back to profitable levels.
Oil Halts Drop Near $51
Tuesday, January 15, 2019 Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.
Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Monday, January 14, 2019 Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.
Oil Retreats as Risk Appetite Shrinks
Monday, January 14, 2019 Oil extended its retreat as investor appetite for risk assets shrank.
Analysts Outline Latest Oil Price Forecasts
Friday, January 11, 2019 Analysts at Fitch Solutions Macro Research forecast that the price of Brent will average $75 per barrel in 2019, a new report has revealed.
Oil Set for Biggest Weekly Gain in 2 Years
Friday, January 11, 2019 Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the US and China will ease.
Truce Reached over Canadian Shell Pipeline
Thursday, January 10, 2019 A truce was reached in a dispute over a natural gas pipeline in western Canada.
Oil Takes Breather After Bull Market Breakout
Thursday, January 10, 2019 Oil's taking a breather after bursting into a bull market.
Unite Members Accept New OCA Offer
Wednesday, January 09, 2019 UK union Unite has revealed that its 2,500 members covered by the Offshore Contractors Association have accepted a revised pay offer from the OCA.
Oil Extends Longest Rally in 1.5 Years
Wednesday, January 09, 2019 Oil rose back above $50 a barrel, extending its longest rally in 1.5 years.
Critics Say Trump Is Giving Oil Industry a Bye in Shutdown
Tuesday, January 08, 2019 The Trump administration is working overtime to make sure the shutdown doesn't halt oil drilling too - in ways critics say may flout federal law.
Proper Oil Price Rebound May Come by 1Q-End
Tuesday, January 08, 2019 A proper oil price rebound may come by the end of the first quarter.
Oil Holds Above $48
Tuesday, January 08, 2019 Oil held gains after its longest rally in almost 1.5 years.
Venezuela Oil Exports Slump to 28-Year Low
Thursday, January 03, 2019 Venezuela ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades.
The State of Oil in 2019
Thursday, January 03, 2019 So, what will be the state of oil in 2019? Executives, money managers and analysts weigh in.
Venezuela Unites (For Once) Around Guyana
Thursday, December 27, 2018 The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country.
Canada's Energy Policy Creates Structural Problems for Oil and Gas Industry
Wednesday, December 26, 2018 As the US oil industry reels from the oil prices collapse, Canada's oil business is seeing its oil prices rallying.
Hess Market Cap Plunges $1.5B
Monday, December 24, 2018 Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.
Oil Set for Weekly Drop
Friday, December 21, 2018 Oil's poised for its biggest weekly drop in a month.
States Look to Block Seismic Surveys in Atlantic
Thursday, December 20, 2018 Attorneys general from 9 coastal states are intervening in a lawsuit aimed at blocking seismic surveys that could help pinpoint oil under Atlantic waters.
Gasoline Shortages Grip Venezuela's Capital
Thursday, December 20, 2018 Venezuela's capital was roiled by nagging gasoline shortages, snarling traffic and infuriating residents in the stricken country with another woe just before the holiday season.
OPEC's Sequel to Oil Deal Faces Struggle
Thursday, December 20, 2018 OPEC's bold strategy to revive oil markets proved a surprise success last year, but the sequel they've unveiled for 2019 is getting a cooler reception.
Watchdog Finds Shortfalls in US Pipe Security
Wednesday, December 19, 2018 Government auditors found widespread shortfalls in how the Transportation Security Administration protects the US network of pipelines.
Oil Stays Battered
Wednesday, December 19, 2018 Oil is struggling to recover from its biggest 3-day slump since 2016.
Unite Members to be Balloted on New OCA Offer
Friday, December 14, 2018 UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer.
Saudi Arabia Plans to Slash Exports to US
Thursday, December 13, 2018 Saudi Arabia plans to slash exports to the world's largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.
Libya Declares Force Majeure at Largest Field
Monday, December 10, 2018 Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt.
OPEC Cut Was Not Easy
Monday, December 10, 2018 The move to cut 1.2 million barrels per day from the market was not easy, according to UAE Minister of Energy Suhail Mohamed Al Mazrouei.
Oil Extends Gain
Monday, December 10, 2018 Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.
OPEC Agrees Larger Than Expected Oil Cut
Friday, December 07, 2018 OPEC finally broke an impasse over production curbs, agreeing on a larger than expected cut with allies after 2 days of fractious negotiations in Vienna.
Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.
Reversing the Bearish Price Sentiment
Friday, December 07, 2018 Jefferies says reversing the overwhelmingly bearish price sentiment will likely require a credible and cohesive message from the OPEC meeting.
OPEC Goes Back into Crunch Talks
Friday, December 07, 2018 OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal.
Oil Extends Losses
Friday, December 07, 2018 Oil extended losses near $51 a barrel after OPEC ended talks without a deal on production curbs.
What OPEC+ Must Do for Oil to go Above $70 in 2019
Thursday, December 06, 2018 Rystad Energy outlines what OPEC+ must do for oil to climb above $70 per barrel next year.
OPEC Talks End Without Oil-Cuts Deal
Thursday, December 06, 2018 OPEC ended talks in Vienna without a deal on oil production cuts as the size of Russia's contribution remained a sticking point before further talks.
OPEC+ Recommends Oil Cuts, Defying Trump's Twitter Plea
Wednesday, December 05, 2018 Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea.
OPEC Created A Mess
Wednesday, December 05, 2018 The Organization of Petroleum Exporting Countries created a mess, according to FGE founder and chairman Fereidun Fesharaki.
Oil Halts Advance
Wednesday, December 05, 2018 Oil retreated after the biggest 2-day gain since June.
Macron Backtracks from Fuel Tax Hike
Tuesday, December 04, 2018 French President Emmanuel Macron blinked.
OPEC-Russia Inch Toward Output Cuts
Tuesday, December 04, 2018 OPEC and its allies gather in Vienna this week to discuss production cuts.
Qatar Exit from OPEC Largely Symbolic
Tuesday, December 04, 2018 Qatar's decision to exit OPEC represents a largely symbolic move for both Qatar and OPEC.
Qatar Decision to Quit OPEC Surprises
Monday, December 03, 2018 Qatar's decision to leave OPEC has been described as a 'surprise' by Cantor Fitzgerald Europe.
Analysts Outline Most Likely OPEC Meeting Scenario
Monday, December 03, 2018 Just over 800,000 barrels per day will be removed from the market, according to Fitch Solutions Macro Research's most likely OPEC meeting scenario.