Crude oil prices edged upward on Thursday with stronger-than-expected growth in U.S. crude and distillate stocks offset by evidence of supply cuts from major producers including Saudi Arabia. Brent crude, Continue Reading
Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize Continue Reading
A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. A survey of December Continue Reading
A big obstacle is emerging for the Organization of the Petroleum Exporting Countries’ plan to raise oil prices with output cuts: vast global reserves of crude that threaten its power Continue Reading
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key Continue Reading
Global oil inventories will start to fall by the second quarter of the year, and crude-producing countries will decide in May whether to extend their collective output cuts beyond the Continue Reading
Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world’s largest oil exporter leads OPEC’s drive to eradicate Continue Reading
Exxon Mobil Corp said on Thursday drilling results from a third exploration well offshore Guyana showed a new reservoir containing 100-150 million barrels of oil equivalent. The discovery at the Continue Reading
The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. Italian energy company Eni in December secured Continue Reading
Mexico’s president tried again on Thursday to calm anger over the big jump in gasoline prices this month amid a historically weak currency and continued threats by Donald Trump to Continue Reading
