North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
Russia’s ruble slumped toward a record low as oil’s unabated retreat choked revenue of the world’s largest energy exporter at a time when the economy is caught in a recession. Continue Reading
Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter profit to drop at least 42 percent after the rout Continue Reading
Shell said on Wednesday that earnings excluding identified items came in at between $1.6 billion and $1.9 billion in the three months to end-December, down from $3.3 billion for the Continue Reading
Norway’s Statoil AS STO -0.34 % A said Tuesday it had almost halved the planned capital expenditure at the delayed Johan Castberg oil field in the Barents Sea to around Continue Reading
Oil markets gained on Tuesday, rallying as investors concluded that concern over new crude supplies from Iran had been overdone. On Monday, Brent fell to its lowest level in 12 Continue Reading
CFTC Hedge funds increased bearish oil wagers to a record as global equities fell and Iran was poised to add to the crude supply glut. Oil dropped below $30 a Continue Reading
Oil prices rose more than 3 percent on Tuesday as data showed Chinese oil demand likely hit a record high in 2015, but contracts remained below $30 a barrel as Continue Reading
Crude oil prices continued to slide Monday with the Brent global benchmark and its U.S. counterpart West Texas Intermediate firmly entrenched under $30 a barrel. Brent fell 1.28% to $28.54 Continue Reading
An end to sanctions on Iran has driven global crude futures to 12-year lows and brought sub-$20-a-barrel oil in sight, although for some producers that is already a painful reality. Continue Reading
