Oil Prices ///

OPEC fails to ease global oil glut, but gets more cash anyway

At first glance, OPEC’s cuts haven’t worked -- global oil inventories remain well above normal levels. But the policy’s made a difference where it really counts: juicing the coffers of finance ministries from Baghdad to Caracas.

Iraq mulls largest sovereign oil-hedging deal, topping Mexico

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street.

Iran's maxed-out crude output eases OPEC push to extend cuts

Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.

Canadian recovery made difficult, as oil patch strains for hands

After years of being a magnet for job seekers, Canada’s oil patch is turning into a bit of a no-go place -- and that’s making a recovery harder.

Oil holds gain as data show U.S. supplies fall before OPEC meets

Oil rose a sixth consecutive day as industry data showed U.S. crude stockpiles declined before OPEC meets to decide on extending supply cuts.

Oil trades near one-month high as OPEC poised to extend cuts

Oil was little changed near a one-month high as traders weighed the prospect of OPEC prolonging production cuts.

OPEC on verge of nine-month cuts extension after Iraqi backing

OPEC is poised to continue their production cuts for another nine months after Iraq backed an extension.

Oil rises to one-month high as Saudis see output curbs into 2018

Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on extending the deal through the first quarter of 2018.

OPEC's worst cheater will get harder to ignore as curbs falter

OPEC’s second biggest producer is also its biggest cheater. And if past is prologue, that lengthens the odds the group will be able to squeeze too many more price gains out of its output cuts.

Oil rises above $50 as OPEC members seen backing longer cuts

Oil rose above $50/bbl in New York for the first time in three weeks on the expectation that OPEC will reaffirm efforts to drain a global glut.

U.S. shale roars back at OPEC

OPEC may get its members to agree to continue to tamp down oil production, but it will be a Pyrrhic victory.

Canada's Permian of the north roused by cheap gas drilling

Drilling rigs and roughnecks are hot commodities once again across the Montney shale play in western Canada, and service companies are having a hard time keeping up with demand.

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesn’t think prices will extend beyond the $50-$60/bbl range before the end of the decade.

LNG exporter Tullurian withdraws share sale due to 'adverse' market

Tellurian Inc., a would-be liquefied natural gas exporter, said it’s withdrawing its proposed public offering of 10 million shares due to “adverse market conditions.”

Oil rises as Algeria says most OPEC members support extending cuts

Crude rebounded after Algeria said a nine-month extension to OPEC’s production curbs would be backed by most participating countries.

OPEC deal may not be enough to lift world's worst equities

Not even an extended OPEC deal may suffice to end the woes of this year’s worst-performing equities in the world.

Oman to sell $2 billion of Islamic bonds

Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said.

Oil stuck in Trump slump as risk aversion damps U.S. supply drop

Oil is getting ensnared in the turmoil surrounding Donald Trump even as U.S. crude production declined for the first time in 13 weeks.

Oil rises as U.S. supply decline signals OPEC's making progress

Crude markets are getting some encouragement from the U.S. as supplies fell for a sixth week -- a sign that OPEC-led production curbs are starting to be felt in the world’s biggest oil-consuming nation.

Oil-service IPOs blow past explorers as industry charts recovery

An improving oil and gas industry has turned the market for energy initial public offerings upside down.