Oil Prices ///

Crude drops as Trump tariffs on China spark trade war concerns

Crude took a turn lower amid an equity selloff largely pinned to growing apprehension about a potential trade war with China.

Oil trades near $65 with U.S. inventories below five-year average

Oil traded near $65/bbl after U.S. crude inventories unexpectedly fell, dropping below their five-year average for the first time since 2014.

PetroChina profit pops as oil rally counters gas, write-downs

PetroChina said profit almost tripled last year as earnings from exploration and production overcame asset write-downs and losses from importing natural gas.

Brent hits six-week high as U.S.-Saudi talks raise risk for Iran

Brent crude extended gains as investors assessed geopolitical risks, with speculation that the U.S. president and Saudi Arabia’s crown prince discussed countering the influence of Middle East producer Iran.

OPEC said to discuss changing gauge of success for oil cuts

OPEC and its allies held further discussions about changing the way they measure the impact of their production cuts, including proposals that would affect how quickly they hit their target, according to delegates from the group.

Oil hits three-week high as glut shrinks faster than expected

Crude advanced to a three-week high as the OPEC-led alliance of major oil producers accelerated the timeline for curbing a worldwide supply glut.

India seen raising natural gas price to highest in two years

India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants.

Russia affirms pledge to see OPEC deal through to the end

Russia is committed to seeing its pact with OPEC through to completion, whether that means starting discussions about a phaseout or prolonging output cuts into 2019.

Crude spike on Friday blamed on 'sideways trading'

Crude ended Friday higher after a curious, late-morning spike left analysts scratching their heads.

Oil holds near $61 as shale growth balanced by IEA supply view

Oil held above $61/bbl as investors weighed surging U.S. crude production against a warning from the IEA of an impending shortfall in global supplies.

Canadian crude is finding a new way to Asia without a pipeline

Canadian oil producers found a way to access the growing Asian energy market without the controversial Trans Mountain pipeline.

Oil sinks toward $60 as inventory, production gains weigh

Oil slid toward $60/bbl in New York as U.S. crude inventories rose the most since January and production continued inexorably higher.

OPEC acknowledges scale of shale boom as supply outstrips demand

OPEC for the first time is forecasting that new oil supplies from its rivals will exceed growth in demand this year as the U.S. industry thrives.

Oil halts decline as Tillerson's departure boosts Iran risks

Oil halted recent losses as investors weighed a potential increase in geopolitical tensions from the fallout of Rex Tillerson’s ouster as U.S. secretary of state.

Oil slides on speculation U.S. surge will undermine OPEC cuts

Oil slid in New York amid concern that global demand might not absorb swelling U.S. supplies.

Oil fluctuates amid concern American supplies will exceed demand

Oil fluctuated in New York amid concern that, while global demand is strong, it might not absorb swelling U.S. supplies.

Oil short-selling rears its ugly head as shale boom fears mount

Short-selling is creeping back into the oil market as fears increase that the U.S. will be awash with oil again.

Oil hits three-week low amid heightened supply, dollar strength

Crude spiraled to the lowest level in three weeks as rising U.S. supply and dollar strength eclipsed bullish demand outlooks.

Shell says oil is here to stay as cleaner power lacks sizzle

There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc.

Exxon says watch for oil shocks as demand becomes market driver

Soaring demand is the main reason for the rebound in oil prices -- but if the economy falters, crude could tumble back to $40/bbl, according to ExxonMobil Corp.