Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
China’s Sinopec signs purchase agreements worth $45.6 billion at Shanghai Expo
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018.…
Oil rally faces tidal wave of supply
(Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a…
Exxon Mobil eyes multi-billion dollar investment at Singapore refinery: executive
SINGAPORE (Reuters) – Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest,…
Oil near four-year high as Washington’s Iran sanctions loom
SINGAPORE (Reuters) – Oil markets were firm on Tuesday, with Brent crude holding near four-year highs reached the previous day…
Oil mixed as China tariff talk scotches early rally
NEW YORK (Reuters) – Oil prices pulled back on Friday on concerns additional U.S. tariffs would be placed on Chinese…
Oil prices rise on declining U.S. crude stockpiles, looming Iran sanctions
SINGAPORE (Reuters) – Oil prices rose on Wednesday following a report of declines in U.S. crude inventories and as looming…
Oil up as U.S. drilling stalls, Iranian sanctions bite
LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S.…
Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
SINGAPORE (Reuters) – Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed…
U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane
SINGAPORE (Reuters) – U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil…
Oil prices higher as U.S. sanctions limit Iran exports
LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S.…
Oil falls on rising output from OPEC and United States
SINGAPORE (Reuters) – Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that…
Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser
DUBAI (Reuters) – Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical,…
Iran says no OPEC member can take over its share of oil exports
LONDON (Reuters) – Iran told OPEC on Sunday no member country should be allowed to take over another member’s share…
China’s CNPC takes over Total’s share in big Iran gas project: Iranian agency
DUBAI (Reuters) – China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas…
U.S. oil boom delivers surprise for traders – and it’s costly
LONDON/NEW YORK (Reuters) – The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price…
Oil prices flat as IEA warns of output capacity limits
LONDON (Reuters) – Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA)…
Oil falls as Saudi output rises to compensate for disruptions
SINGAPORE (Reuters) – Oil prices fell by more than one percent on Monday as investors eyed rising supplies in Saudi…
Trump says OPEC manipulating oil market, warns Europe on Iran
WASHINGTON (Reuters) – President Donald Trump accused OPEC of manipulating world oil markets and warned it to stop, while also…
Saudi king said will boost oil output if needed: White House
WASHINGTON/RIYADH (Reuters) – The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed…
Trump says Saudi king agreed to raise oil output by up to 2 million barrels
WASHINGTON/RIYADH (Reuters) – U.S. President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request…
OPEC agrees modest hike in oil supply after Saudi and Iran compromise
VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from next month after its leader…
Oil prices dip on unexpected growth in U.S. crude stocks
SEOUL (Reuters) – Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by…
Oil falls as OPEC, Russia look to raise output amid U.S. surge
SINGAPORE (Reuters) – Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said…
Oil prices fall as top three producers look to boost supplies
SINGAPORE (Reuters) – Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed…
As clock ticks, doubts grow over Kinder Morgan’s Canada oil pipe expansion
VANCOUVER/WINNIPEG, Manitoba (Reuters) – As a hard deadline set by Kinder Morgan Canada Ltd (KML.TO) for scrapping a key pipeline…
Oil output could return to October 2016 level, says Russia’s Novak
MOSCOW (Reuters) – A return to the oil production levels that were in place in October 2016, baseline for the…
Return to pre-deal oil output levels possible, says Russia’s Novak
MOSCOW (Reuters) – A return to the oil production levels that were in place prior to the 2016 deal to…
China relieved, U.S. business ambivalent over easing of trade tensions
BEIJING (Reuters) – China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement…
China relieved U.S. trade war is ‘on hold’; U.S. business ambivalent
BEIJING (Reuters) – China on Monday praised a significant dialing back of trade tension with the United States, with the…
China praises positive steps in U.S. trade row, says didn’t give in
BEIJING (Reuters) – Chinese state media on Monday praised a significant dialing back of trade tension with the United States,…
Australia’s Santos gets final sweetened $10.8 billion bid from Harbour Energy
(Reuters) – U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd (STO.AX) on Monday, hiking…
China agrees to import more from U.S., no sign of $200 billion figure
WASHINGTON (Reuters) – China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said…
China agrees to import more from U.S, no sign of $200 billion number
WASHINGTON (Reuters) – China has agreed to take measures to boost imports from the United States to reduce America’s trade…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources
HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips (COP.N) has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce…
Marathon to become top U.S. refiner with $23 billion Andeavor buy
(Reuters) – Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in the largest-ever…
Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn’s oil refinery – sources
NEW YORK (Reuters) – The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned…
OPEC April oil output hits year low on Venezuela slide: Reuters survey
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and…
Trump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes…
Trans Mountain pipeline halt worries Canadian business
(Reuters) – Business groups and local officials called on Monday for Canada’s government to guarantee an expansion of the Trans…
Exclusive: OPEC, Russia consider 10-20 year oil alliance – Saudi Crown Prince
NEW YORK (Reuters) – OPEC and Russia are working on a long-term deal to cooperate on oil supply curbs that…