Oil prices rise in thin Asian trade after break
Oil prices rose on Monday after a three-day break, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented, but volumes Continue Reading
Saudi-led alliance confirms Yemen prisoner swap
A Saudi-led military coalition on Monday said it had completed a prisoner swap in Yemen, exchanging nine Saudi prisoners for 109 Yemeni nationals ahead of a planned truce and peace Continue Reading
Oil Enthusiasts Stay Out of Rally Led by Shrinking Bearish Bets
Oil enthusiasts haven’t been jumping on board the latest rally. As crude has soared 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, Continue Reading
Israel’s High Court Strikes Down Government Natural Gas Plan
Israel’s High Court blocked the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that complicates plans to develop the country’s largest field and conclude export Continue Reading
China crude oil stockpile up 1.08 pct
BEIJING, March 28 (Xinhua) — China’s commercial crude oil stocks increased 1.08 percent in February over January, while stocks of refined oil products went up 17.34 percent, data monitored by Continue Reading
China Car Fever Lifting Gasoline Seen as Root of Diesel Glut
China’s love of cars and the gasoline that runs them is exacerbating an oversupply in another fuel decried by refiners across Asia, according to Bank of China International. While refineries Continue Reading
Israel Supreme Court Rules Against Offshore-Gas Deal
Israel’s Supreme Court on Sunday ruled against a landmark deal to develop and export the country’s offshore gas reserves, a setback for Prime Minister Benjamin Netanyahu, who campaigned for it. Continue Reading
Want to Bet on Oil Companies? It’s All About the ZIP Code
For energy investors, it is all about location, location, location. That is the message that emerges in the prices of bonds of oil-and-gas companies operating across North America. Bonds of Continue Reading
Energy Companies Pay Up to Raise Cash
Investors who bought $50 million of stock that the… Energy companies tapping the stock market to fill their coffers are deepening the pain for shareholders. These firms have come to Continue Reading
Shell weighs North Sea assets for potential sales
Shell has said it plans to raise $30bn from asset sales worldwide as it moves to offset the cost of the BG acquisition, completed last month just weeks after oil Continue Reading