The number of U.S. oil drilling rigs were unchanged this week after eight weeks of consecutive rises, according to a closely followed report on Friday, although traders and analysts expect Continue Reading
Cost estimates for the Alaska LNG Project have been shaved 20% or more, but the project is still not economic, its managers told state legislators in hearings that ended late Continue Reading
Saudi Arabia’s Khalid Al-Falih doesn’t advocate production cut Iran’s oil minister to attend producer talks in Algiers: Shana Oil traded near $47 a barrel as Saudi Arabia’s energy minister said Continue Reading
The increase in U.S. oil production that helped push crude oil prices lower may have hurt the industry, but that’s offset by consumer benefits, the API said. U.S. crude oil Continue Reading
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabian Energy Minister Khalid Al-Falih Continue Reading
Fading contango is clearest sign of recovery: Credit Suisse Market moving from massive surplus to balance: BofAML’s Blanch For all the feverish speculation of OPEC action that’s roiling oil markets, Continue Reading
Shipments through Kurdish territory resumed after 5-month halt Informal accord may only last a few months: Qamar Energy Iraq’s resumption last week of oil shipments through a Kurdish-controlled pipeline bumped Continue Reading
OPEC to meet other producers next month on supply, price Zanganeh says he’ll meet OPEC Secretary General Barkindo Iran’s Oil Minister Bijan Namdar Zanganeh will join an informal meeting of Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran will help other oil producers stabilize the world market Continue Reading
OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers’ group that action is needed to manage crude production in order to support prices, he said Continue Reading
