A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. OPEC and rival oil producers are meeting in Kuwait on Sunday to review their progress Continue Reading
Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such Continue Reading
China has a knack for putting stars in commodity executives’ eyes, and then knocking them out. With oil once again under pressure—global benchmark Brent is down 10% since the beginning Continue Reading
BEIJING — China ’s ambitious plan to revamp its economy has bogged down. Flabby state conglomerates have thwarted attempts to whip them into commercial shape. Rules that treat millions of Continue Reading
President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Under Trump, Continue Reading
Royal Dutch Shell Plc ( RDSa.L ) and Anadarko Petroleum Corp ( APC.N ) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split Continue Reading
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp., Continue Reading
Global crude futures edged higher Friday as traders turned their attention to a meeting of a committee monitoring OPEC’s production cuts, amid growing concerns that the group’s efforts haven’t been Continue Reading
Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated Continue Reading
In the late 1980s, some people in the oil industry were said to have bumper stickers reading, “God give me one more boom and I promise not to mess it Continue Reading
