Oil Prices ///

Iran crisis changes OPEC equation as Saudis signal supply boost

The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.

U.S. government raises crude output forecast for 2018-2019

The U.S. government boosted its forecast for domestic crude output both this year and next year amid a surge in prices.

Oil rises as Trump tells buyers to cut back on Iranian crude

Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties.

Physical oil prices seen catching up with surging futures market

The end of some of the weakest physical crude prices in years could be in sight.

Bakken shale getting back "in-the-money"

With breakthroughs in drilling technology reducing costs and crude oil prices near $70/bbl, wells in North Dakota are turning into cash cows.

Oil faces a month of mayhem as geopolitical risks proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

Iran opposes higher oil prices, signaling divide with Saudis

Iran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member and political rival Saudi Arabia, which is showing a willingness to keep tightening crude markets.

Crude market awaits Trump call on Iran curbs

U.S. oil rose above $70/bbl for the first time since November 2014 as traders braced for a re-imposition of U.S. sanctions on Iran.

Shale drillers face new test of will as crude tops $70

For the oil industry, $70 offers a test of wills.

GlobalData says Russia’s new oil tax bill promises a big change, but has limited scope

The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company.

Oil steady near $68 amid bets Trump will exit Iran accord

Oil traded near $68/bbl amid growing expectations that U.S. President Donald Trump will withdraw from a nuclear accord with Iran, threatening crude exports from OPEC’s third-largest producer.

Oil-rich Persian Gulf set to add another member to triple-digit debt club

Bahrain, one of only three Middle East oil exporters that needs crude above $100 to break even, will soon be part of another short list: the triple-digit debt club.

IMF boost to Saudi break-even oil price offers OPEC policy clues

Whenever Saudi Arabian officials are asked what oil price the kingdom want, they almost always reply that they have no preference. Recent reports that the world’s largest exporter was aiming for $80/bbl elicited the same response: there’s no target.

Oil struggles near $68 as inventory gain overshadows Iran fears

Oil’s recovery, buoyed by potential supply risks, was capped by rising U.S. inventories while President Donald Trump neared a decision on whether to reimpose sanctions on Iran.

Oil-price skirmish heats up as China trader seeks Saudi cuts

The trading unit of one of the world’s biggest refiners is displeased with Saudi Arabia’s oil pricing, which may benefit the U.S. and Russia.

Saudi Arab Light crude price to Asia at highest since 2014

Saudi Arabia set the price of its benchmark crude in Asia at the highest level since August 2014, after China’s biggest refiner asked for fewer bbl because of high prices.

Oil's lifeline turns into $7-billion drag as crude prices jump

There’s a downside to oil prices being up that could cost the industry more than $7 billion.

BP surges to 2010 high as analysts rave about beat, cash flow

MOSCOW (Bloomberg) -- BP Plc analysts praised results which beat estimates thanks to strength in both the upstream and downstream divisions, helping to send the shares to an almost eight-year high.

Saudi Arabia's economic revamp is still an oil story

Saudi Arabia’s efforts to shore up public finances and revive economic growth are still pretty much dependent on oil prices, even as the kingdom tries to reduce its reliance on revenue from crude exports.

Oil investors show they want more than just profit

Big Oil’s investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.