Oil Prices ///

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.

Conoco's $1-billion boost signals staying power of U.S. oil

ConocoPhillips has sent a clear signal to global energy markets: For all the recent talk of caution among U.S. drillers, the industry is still in growth mode.

Crude tumbles after shock increases in stored oil and production

Traders dumped oil futures after a surprise increase in U.S. crude stockpiles and surging output dashed confidence that a worldwide glut is fading.

OPEC to disappoint oil bulls at November meeting, Citigroup says

Oil bulls banking that OPEC and its allies will later this month agree to extend supply cuts for all of 2018 are set to be disappointed, Citigroup Inc. says.

Oil's surge toward $70 seen dragging it down later

SINGAPORE (Bloomberg) -- Oil bulls, beware of higher prices.

Oil steadies near $57/bbl before U.S. crude inventory data

Oil steadied in New York before weekly data on crude inventories in the U.S., the world’s biggest oil consumer.

Shale monster besets OPEC's resurgence through next decade

OPEC sees no respite from shale’s onslaught before the second half of the next decade. Until then, the cartel will stick with the one weapon it still has to prevent another oil price collapse: austerity.

OPEC fightback sees U.S. stocks crumble

OPEC’s finally getting some credibility back behind its swagger, ahead of the oil group’s meeting later this month in Vienna.

OPEC sees no opposition to cuts extension, focuses on duration

OPEC sees no opposition to prolonging its production cuts beyond March and discussions are now focusing on the duration of the extension, said the group’s top official.

Oilpatch dealmakers agree to pay more later amid M&A slump

ExxonMobil Corp.’s deal in January for a swath of Permian basin drilling real estate came with a sweetener for the sellers. The heirs of oil tycoon Perry Bass will get $1 billion in cash by 2032 -- if drilling goes well for Exxon.

Oil at 28-month high as Saudi anti-graft sweep rattles markets

Oil reached levels last seen more than two years ago as Saudi Arabian King Salman’s anti-corruption drive shook the world’s biggest crude exporter just weeks before major producers gather to discuss prolonging historic production caps.

U.S. shale oil trumps risk of supply shock after Saudi purge

The oil market’s more concerned about U.S. shale supplies than any repercussions from a crackdown that’s enveloped royals and billionaires in Saudi Arabia.