Oil Tops $60 At Close of Year
Oil prices are set to close out the year up more than 11 percent, hitting their highest level since 2015. However, the road to higher prices was rocky. In the Continue Reading
Oil prices up as balance approaches
U.S. data showing the surplus on the five-year average in crude oil stocks at just 9 percent helped drive oil prices higher on the last trading day of 2017. Data Continue Reading
U.S. crude ends year above $60 on strong global oil demand
U.S. oil prices closed above $60 a barrel on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12 percent Continue Reading
Iranians take to streets as anger at economy boils over
Thousands of demonstrators poured on to the streets in cities across Iran on Friday in the biggest protests since the pro-democracy unrest of 2009, as anger over the economy came Continue Reading
A year of historic change in Saudi Arabia, with more to come
Saudi Arabia in 2017 laid the groundwork for momentous change next year, defying its conservative reputation for slow, cautious reforms by announcing plans to let women drive, allow movie theaters Continue Reading
Venezuela probes ex-oil czar Ramirez over alleged graft scheme
Venezuela is investigating Rafael Ramirez, a once powerful oil minister and former head of state oil company PDVSA, in connection with an alleged $4.8 billion Vienna-based corruption scheme, the state Continue Reading
Pipeline projects move ahead to tackle rising Texas shale output
Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output Continue Reading
Canada crude-by-rail exports to U.S. rise to six-month high
Canadian crude-by-rail exports to the United States climbed to a six-month high of 137,000 barrels per day in October, data from the National Energy Board showed on Friday, the latest Continue Reading
U.S. crude, natural gas output at multi-year records in Oct: EIA
U.S. crude oil production in October rose to the highest in more than 46 years, while natural gas production leaped to a new record, U.S. Energy Information Administration data showed Continue Reading
U.S. oil rig count ends 2017 40 percent above year-ago levels: Baker Hughes
The U.S. oil rig count rose by about 42 percent by end-2017 compared to the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices. Continue Reading