Oil Prices ///

Oil drops as volatility concern counters reported inventory draw

Oil extended declines as persistent volatility in global markets prompted caution among traders, even as U.S. inventories reportedly fell.

Crude pares losses as smoke clears from equities implosion

Oil pared some of its losses as a historic collapse in stock markets began to peter out.

BP dodges oil-industry gloom as profit jumps with production

BP dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices.

Exxon stock rout deepens to worst since 2015 after earnings miss

ExxonMobil Corp. is on course for its steepest two-day stock rout in almost 2 1/2 years.

Oil slides as stock markets crumble, shale drilling accelerates

Oil’s decline accelerated as the deepening slump in equity and debt markets undermined the outlook for energy demand against the backdrop of swelling U.S. crude production.

Aramco's Asia light oil pricing steady in sign of slower demand

Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand.

Brent slips to one-month low as U.S. drilling grows, stocks drop

Oil’s rally is unraveling on fears over an increase in U.S. production and as a deepening slump in equities undermines market support.

United States Oil Fund generates returns for investors as backwardation booms

This year is proving to be a lot better for investors of the biggest exchange-traded fund that tracks crude oil prices. And it’s being helped by backwardation.

Oil below $70 as U.S. shale surge looms over bullish banks

Brent crude traded below $70/bbl as the specter of expanding U.S. supply was weighed against Wall Street banks’ growing faith in a price rally.

Big banks accept OPEC was right as they embrace oil near $80

Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices.

Goldman says oil to surpass $80 with market likely balanced

Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33%, saying the market is now likely balanced.

Oil pares strongest January since 2013 on U.S. supply outlook

Oil slipped for a third day in New York, continuing its retreat from a three-year high, on estimates that U.S. crude stockpiles increased last week.

As oil majors escape the rout, key questions emerge for 2018

For the world’s largest oil explorers, it’s a time of transition.

Oil futures lose steam on threat of U.S. crude inventory growth

Oil’s slowing down as danger signs flash ahead.

No. 2 OPEC producer loosens oil shackles for premium prices

OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices.

PetroChina says profit may triple amid cost cuts, higher oil

PetroChina Co., the country’s biggest oil and gas producer, forecast that full-year profit rebounded off a record low and may have tripled amid cost cutting and higher energy prices.

BHGE AM '18: Shell exec calls for greater energy renaissance

Harry Brekelmans, Royal Dutch Shell PLC's Projects and Technology Director, shared his ideas about what has been accomplished—and how much more needs to be accomplished—in the ongoing energy renaissance, on day one of the BHGE Annual Meeting (BHGE AM).

BHGE AM '18: CEO Simonelli pushes improved project economics in new energy cycle

Lorenzo Simonelli, Chairman and CEO of BHGE, opened up the 2018 BHGE Annual Meeting (BHGE AM) in Florence, Italy, on Jan. 29 with a talk welcoming attendees. The 19th Annual Meeting is a record year for attendance, according to the CEO.

Exxon's $50-billion bonanza returns spending to pre-rout level

ExxonMobil Corp. is set to spend $50 billion over the next half decade in a return to the oil giant’s spending habits before crude suffered its worst price rout in a generation.

Oil declines below $66 as rig count rises, dollar stronger

U.S. oil slipped below $66/bbl, hampered by the biggest rise in the oil rig count since March and a firmer dollar.