Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish. Brent advanced 1.6 percent to the highest since Continue Reading
Thirty-three years after REM released their debut album, and the crude complex today is being driven by murmurs again. As the producer meeting in Doha approaches (but not fast enough…), Continue Reading
The U.S. oil benchmark settled above $40 a barrel for the first time in nearly three weeks and the global Brent contract touched a four-month high Monday, as the dollar Continue Reading
Aside from the price of their main output, there is one thing that matters for the biggest oil and gas producers: Are the cuts enough? The answer from Moody’s, which Continue Reading
Oil halted gains after the biggest jump in almost two months as Iraq said it raised output to a record ahead of talks between the world’s largest producers about freezing Continue Reading
Following Largest Jump in Two Months A meeting of oil producers in Doha this month to discuss freezing crude production will do little to boost prices, and may even cause Continue Reading
Oil prices slipped on Monday over worries that the result of next Sunday’s meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current Continue Reading
Crude oil markets are coming back into “better balance” as supplies are cut back in response to lower prices, Chevron Chief Executive Officer and Chairman John Watson said Tuesday. The Continue Reading
U.S. shale oil production is expected to fall by a record amount in May in the seventh straight month of declines, a U.S. government forecast showed on Monday, as fallout Continue Reading
Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading
