Exclusive: BP chief sees shale, OPEC cooling oil markets
LONDON (Reuters) – BP (BP.L) Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above…
Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. FILE…
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014…
Asia oil thirst tab $1 trillion a year as crude rises to $80
SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to…
Canada government ready to cover some Kinder Morgan pipeline losses
OTTAWA (Reuters) – Canada is prepared to cover any losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion continues to be delayed by political opposition, Finance…
Oil cautious on rise in U.S. drilling, Iran sanctions opposition
SINGAPORE (Reuters) – Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S.…
Conoco has seized Venezuela PDVSA products from Isla refinery: Curacao
(Reuters) – U.S. oil major ConocoPhillips (COP.N) has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters…
Conoco authorized to seize $636 million in Venezuela PDVSA assets
WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization…
U.S. East Coast refiners look to Texas crude for discounted oil
NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to…
Exclusive: Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo
DOHA (Reuters) – State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional…