Oil Prices ///

Oil climbs as Saudi Arabia seeks to dispel doubts over Russia

Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs.

Saudi Arabia says OPEC should extend cuts in meeting this month

Saudi Arabia’s Energy Minister said OPEC and its allies should announce an extension of their output curbs when they gather at the end of this month.

Sonangol's ex-chair said to leave $2 billion in reserves

Isabel dos Santos, Africa’s richest woman, said Sonangol will be left with a financial reserve of $2 billion after she leaves as chair of Angola’s state-owned oil company.

Oil trades near $55 as investors wait for clarity on OPEC action

Oil slid toward $55/bbl as traders who were once certain OPEC and Russia would extend their output cuts beyond March aren’t so sure anymore.

Oil retreats as IEA casts dark cloud over 2018 market outlook

Crude took a step back now that 2018 isn’t looking so hot anymore.

U.S. to dominate oil markets after biggest boom in world history

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

Emerging oil bonds deemed too expensive to rise with crude

In a sign emerging-market Eurobonds may have reached their peak, oil exporters’ foreign debt is getting little to no lift from the spike in crude prices.

UAE joins gathering consensus to extend oil output cuts

OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.

Breakup of Saudi-Russian alliance would collapse crude prices, Citigroup says

The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc.

IEA sees U.S. shale surge as biggest oil and gas boom in history

The supply surge from U.S. shale will beat the biggest gains seen in the history of the industry, the IEA predicted.

Russia's economy slowed more than forecast despite oil rally

Russia’s economy slowed more than forecast despite a bull-market rally in oil, its chief export, ending three quarters of accelerating growth that followed the country’s worst recession this century.

Rising oil portends long pause as India prepares for rate review

After long undershooting its predictions, data on Monday showed consumer prices rose the most in seven months. The pace may only accelerate due to rebounding global oil prices.

OPEC boosts 2018 demand forecast, signaling faster rebalancing

OPEC boosted forecasts of demand for its crude in 2018, signaling that the rebalancing of the global market could gather pace.

Hedge funds add bullish oil bets as Mideast's tension heats up

Hedge-fund bets on rising Brent crude hit a fresh record as tension in the oil-rich region escalated, sending prices to their highest in more than two years.

Crude oil trades near $57 as OPEC signals rebalancing could speed up

Oil traded near $57/bbl as OPEC boosted its projections for demand while the group’s top official signaled that producers should continue to curb output.

Crude oil output cuts “only viable option” for market, OPEC head says

ABU DHABI and CAIRO (Bloomberg) -- The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said.

Oil above $80 before Christmas? Some options traders think so

With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.

Oil set for best weekly run this year as Saudis roil market

Oil is heading for a fifth weekly advance as political upheaval in the world’s biggest crude exporter countered an expansion of U.S. output to the highest level in more than three decades.

Crude approaches 28-month high as Saudi crackdown intensifies

Crude resumed its march toward levels last seen in 2015 as escalating tensions in Saudi Arabia raised concerns about stability in the region.

Multi-well pad solution for oil and gas producers boosts real-time data

Drilling advancements, including horizontal drilling techniques, have transformed oil and gas operations from simplistic single-well pad fields to more complex multi-well pads. In turn, operators and equipment builders can modify their control systems approach to optimize these changing applications.