Oil Prices ///

Oil hasn't started a year this hot since the turn of the century

Oil hasn’t started off this strong in 18 years.

Oil rebound fizzles as Treasury denies U.S. easing China tariffs

Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China.

Crude slips as record U.S. output undermines OPEC+ supply curbs

Oil retreated toward $51/bbl as record production in the U.S. undercut assurances from Russia that it will step up efforts to drain global supplies.

Gulfport board faulted, share buybacks sought by investor

One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance.

Oil gains as Russia, Saudis signal commitment to production cuts

Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut.

Oil slides as U.S. production surge stokes fears of global glut

Oil prices gave up their gains Wednesday as U.S. production surged and fuel inventories climbed, stoking fears about an oversupply of crude.

Oil resumes rally as stockpiles ween lower, China eyes tax cuts

Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown.

Permian boom holds good news and bad news for OPEC

The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014.

U.S. envoy insists no more waivers for buyers of Iran's oil

The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said.

Oil retreats with equities as rally to bull market seen overdone

Oil extended its retreat as investor appetite for risk shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies.

Saudi and Canadian cuts are leaving world hungry for heavy crude

Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind.

Oil collapse helped DNO clinch hostile takeover, Faroe CEO says

Oil’s collapse at the end of last year was critical to DNO ASA clinching the hostile takeover of Faroe Petroleum Plc after a contentious battle for control, the target company’s boss said.

Two big producers just called a bottom for oil: $60/bbl

Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.

Saudis say OPEC+ oil cuts provided `lifeline' to U.S. shale

Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

Alberta keeps oil cuts at January Level as prices surge

Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged.

Oil winning streak longest since 2010 as outlook brightens

Oil extended its winning streak to the longest in almost a decade as the Federal Reserve’s wait-and-see approach on interest rate hikes added to a rosier outlook.

APICORP forecasts $60-70/bbl by mid-2019

Oil prices are likely to trade between $60/bbl to $70/bbl range by mid-2019, barring sharp economic slowdown.

Oil bounces back to bull market fueled by OPEC cuts, trade talks

Oil stormed back into bull market territory, as investors who’d abandoned crude just a month ago were lured back by an OPEC-led campaign to bring runaway supplies in check.

Brent above $60 as trade talks buoy longest rally since 2017

Brent oil extended its longest rally in a year and a half, rebounding above $60/bbl, on hopes of a resolution in the U.S.-China trade dispute.

Oil CEO trades $4 million award for $1,500 as crude drops

One of the oil industry’s highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year.