Oil Prices ///

Gas has biggest rally since October as Arctic freeze sets in

U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018.

Oil resurrection sets stage for another OPEC-shale clash in 2018

Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale.

Five oil signals to watch as 2018 pits OPEC against shale

Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising U.S. output is threatening those efforts. Geopolitical tensions also add a wild card to the market mix.

Oil stalls below $60/bbl with resumption of Libya pipeline in sight

Crude slipped for the first time in more than a week following reports that a damaged Libyan pipeline should be repaired next week.

Oil slips from highest since mid-2015 as trading volume muted

Oil retreated from its highest close in more than two years in London and New York amid low volume, as a pipeline carrying crude to a Libyan export terminal was said to need a week for repairs following an explosion on Tuesday.

Libya's oil output revival thwarted by pipeline explosion

Libya’s oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nation’s biggest export terminal. Oil rallied as a result.

Saudi Arabia said to expect oil revenue to increase 80% by 2023

Saudi Arabia expects oil revenue to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter.

Oil holds gains above $58/bbl as U.S. drillers pause rig expansion

Oil held gains above $58/bbl as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.

America's hottest oil play just needs a few thousand truckers

When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’s massive Permian basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they were fired in scores. Now, three years later, with oil prices inching back higher and production in the Permian soaring once again, the drillers want the truckers back.

Oil's bull run wavers as investors wait to see what 2018 holds

After a months-long build-up, investors are wavering, concerned U.S. crude will continue to boom in 2018, undercutting OPEC’s push to drain a global glut.

Top Indian oil explorer to buy—not drill—its way to output goal

India’s biggest oil explorer plans to snatch up producing assets to reach its goal of raising overseas output by more than half in about three years, a faster route than drilling for new reserves.

Iraq's oil minister says he's optimistic crude prices will rise

Iraq’s Oil Minister Jabbar Al-Luaibi said he’s optimistic crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India.

China's winter misery brings LNG traders gift of volatility

China’s self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders.

Oil pares first weekly gain in a month as boost from data fades

Oil fell, paring the first weekly gain in a month, as the support from a plunge in U.S. crude inventories faded and traders looked to 2018.

Mexico light oil vanishes from markets, leaving U.S. to plug gap

Pemex’s crude menu has just gotten simpler.

Crude reaches one-week high as shrinking stockpiles stoke bulls

Crude revisited a one-week high as the lowest U.S. back-up supply in more than two years overshadowed the impending resumption of North Sea oil shipments.

World's most important oil benchmark feels strain of pipe crack

When a vital North Sea oil pipeline cracked earlier this month, it did more than halt the flow of barrels: it stress tested the world’s most important physical crude-price benchmark for producers, traders and consumers.

Crude trades near two-week high after U.S. stockpiles plunge

Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid more than forecast to a two-year low.

Oil prices in 2018: Again it's all about U.S. shale output

The direction of oil prices in 2018 will be decided in Texas.

Crude propelled higher on strengthening signs of dwindling glut

Crude bumped higher as traders awaited a U.S. government report that’s expected to show a fifth straight week of shrinking American inventories.