Mexican state-owned oil company Pemex on Monday reported a much smaller fourth-quarter loss, due in large part to higher crude prices. The loss narrowed to $1.58 billion (32.6 billion pesos) Continue Reading
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Continue Reading
Canadian heavy crude is a cornerstone of global oil supply now and into the next decade. But growth is likely to be increasingly affected by investor sentiment soured by environmental Continue Reading
Could U.S. Oil Production Derail OPEC Deal? OPEC’s Nov. 30 output agreement to cut production by 1.2 million barrels a day may have put a floor under the oil price, Continue Reading
Consent was given to Exxon Mobil to extend the life of a natural gas field in the North Sea because of new production calculations, Norway’s government said. Exxon started production Continue Reading
Gains in oil production from the United States should establish a ceiling over crude oil prices on the global market, the head of Russia’s Lukoil said Monday. Russia is coordinating Continue Reading
Brent oil prices edged up on Monday and were set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production Continue Reading
Oil has been bound to the tightest price range in more than a decade, and yet hedge funds have never been so confident it will eventually rally. Money managers boosted Continue Reading
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC Continue Reading
Algeria’s Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp ( XOM.N ) and Anadarko ( APC.N ) as well as Italy’s Continue Reading
