Oil Prices ///

Crude set for weekly loss as supplies allay Saudi tensions

Oil headed for a weekly loss as plentiful supplies helped offset worries that tensions between Saudi Arabia and the U.S. over the disappearance of a journalist could lead to the use of crude as a political weapon.

Permian drillers are said to sell new lighter crude oil grade

There’s a new kind of oil coming out of West Texas.

Oil falls after U.S. stockpiles swell for fourth straight week

Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles.

Oil drops as swelling U.S. crude inventories signal ample supply

Oil declined on concerns that U.S. crude stockpiles are expanding at a rate not seen since early 2017 as American drillers lift output to unprecedented levels.

Saudi Arabia breaks 45-year taboo with veiled oil weapon threat

For 45 years, it’s been considered out of bounds for Saudi Arabia. But suddenly, Riyadh made what many read as a veiled threat to use the kingdom’s oil wealth as a political weapon.

Saipem plans renewables push as oil clients keep lid on spending

Saipem SpA is looking beyond black gold, to green.

Oil sheds gains after Trump turns down heat in Saudi dispute

Oil surrendered most of its early gains after tensions appeared to ease between the U.S. and Saudi Arabia amid growing international outrage over the disappearance of one of the kingdom’s most prominent critics.

IEA cuts oil demand forecasts, but sees prices staying high

The International Energy Agency cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high.

Oil set for worst two-day drop since July as stock turmoil spreads

Oil headed for the biggest two-day drop since July as fears over a worsening trade war rattled global markets.

BP says goodbye to low prices as it plans projects for oil over $60

BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident.

Wildcatters still a gamble for investors despite oil's rise

Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bbl could again be in sight, investors are wary before taking the gamble.

OPEC moves to calm oil-supply fears as India slams high prices

OPEC again sought to reassure markets after one of its biggest customers complained about the pain of high prices.

China swoops in on Canadian oil that's $50/bbl below U.S. crude

Chinese oil buyers are making a beeline for a bargain across the Pacific.

Trump still doesn't like the price of oil, even as it falls

President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude dropped from a four-year high last week.

Oil link to Saudi stocks stronger with crude-dependent economy

Saudi Arabian stocks and Brent crude are trading with the strongest link in 15 months as the increasing price of the commodity could lead to faster economic growth for the world’s biggest oil exporter.

Oil rises as storm halts output, IEA warns producers are entering "red zone"

Crude rose as storm Michael strengthened and shut some U.S. oil output, while the International Energy Agency called on producers to pump more as the market is “entering the red zone.”

Oil declines on hopes for U.S. waivers on Iran, Saudi assurance

Oil fell to the lowest in a week in London on renewed hopes the U.S. may soften the blow of sanctions on Iran’s crude exports, and as Saudi Arabia promised to fill any shortfall.

Saudi crown prince to Trump: We've replaced all Iran's lost oil

Saudi’s crown prince, facing U.S. pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions.

U.S. oil's four-week winning run is hiding signs of weakness

While U.S. oil has been swept up in a global rally for the past four weeks on growing fears of a supply crunch, a closer look at the futures market signals American crude is weakening.

Pipeline constraints hurt Canadian crude prices

Canadian oil hit a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system.