Oil prices rise on Nigeria, Venezuela disruptions
Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a Continue Reading
Goldman Surprised by Sudden Oil-Market Turn as Glut Vanishes
Oil Advances as Goldman Forecasts a Deficit The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected. A decline in production driven by Continue Reading
OPEC signals greater oil glut in 2016 as its output surges
OPEC said the global oil market is oversupplied and signaled the glut may increase this year, as surging output from its members makes up for losses from other countries whose Continue Reading
Oil Markets Balancing Much Faster Than Thought
Russia Oil Oil markets are only a few months away from a much closer balance as demand holds steady and supply drops off. Several reports from the three major energy Continue Reading
Big Oil’s Big Plans for New Gas Markets
Natural gas transported across the world’s oceans by ship has helped to displace coal burned in European power plants and Chinese household cookers. Now, producers want it to become a Continue Reading
Research cutbacks hit oil groups’ ability to invest
Most of the world’s largest oil companies have cut research spending sharply since 2013 as they strived to save money in the face of the slump in crude prices, raising Continue Reading
Yergin: Where Oil Prices Go From Here
Leaders of major oil-exporting countries used to talk about “saving the oil” for their grandchildren. But now the grandchildren are in charge, and they want to monetize the oil. That Continue Reading
Iraq Sees $15 Billion in Aid Through 2017 as IMF Deal Looms
Iraq’s possible loan accord with the International Monetary Fund may unlock at least $15 billion in aid this year and next, central bank chief Ali al-Allaq said, helping OPEC’s second-biggest Continue Reading
Libyan Oil Blockade Partially Lifted
Libya’s divided oil officials have agreed to allow petroleum to flow again between the country’s east and west but have yet to end a crisis that is blocking exports, Libyan Continue Reading
Islamic State Attacks Iraqi Gas Plant
A team of Islamic State bombers assaulted a natural-gas plant north of Baghdad on Sunday, killing at least 12 people, officials said, the fifth straight day of attacks in Iraq Continue Reading