Oil Prices ///

Oil seen getting $4/bbl boost on tough new ship-fuel rules

New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4/bbl when the measures come into effect in 2020, according to a Bloomberg survey of 13 oil industry analysts.

Crude holds above $68 as U.S. rigs drop at fastest pace since 2016

Oil held above $68/bbl on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico.

Oil climbs after biggest U.S. crude stockpile drop in four weeks

Oil gained after a U.S. government report showed the biggest decline in crude inventories since late July.

Oil trades near $67 as investors assess outlook for U.S. crude

Oil traded near $67/bbl as investors weighed an expected decline in American inventories against the U.S. government’s plans to release crude from its emergency stockpiles.

Crude steadies after longest run of weekly losses in three years

Oil steadied after its longest run of weekly declines in three years, as traders weighed threats to economic activity in emerging markets against risks to supplies around the world.

Wild currency swings make trading Chinese oil futures risky

Wild swings in the yuan and punitive storage costs are making oil traders think twice about a bet on China’s fledgling crude futures that looks highly lucrative on paper.

Oil set for longest losing run since 2015 amid economy fears

Oil headed for the longest run of weekly declines in three years as turbulence in emerging markets and the ongoing trade conflict between the U.S. and China stirred fears that fuel demand may suffer.

Oil shrugs at revival of U.S.-China trade talks to ease tensions

Signs of easing tensions between the world’s two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures.

Oil sinks to eight-week low after surprise U.S. stockpile build

Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand.

Large investment groups throw weight behind oil rally

The recovery in the oil industry is attracting some of the most recognized billionaires in money management.

Oil recovers as Turkey tumult calms, U.S. supplies seen falling

Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S.

After $80-billion blowouts, mega oil and gas projects are back

Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100-crude.

Oil holds gain as Iran concerns counter bearish U.S. rigs report

Oil held gains above $67/bbl after Iran said the OPEC nation has no intention of holding talks with the U.S. anytime soon, countering signs American shale output may increase.

Crude posts longest stretch of weekly declines since 2015

Crude posted the longest stretch of weekly declines since 2015 as international trade tensions threatened energy demand in the face of flourishing oil production by the world’s biggest suppliers.

U.S. sanctions on Iran up the ante in Middle East oil price war

A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.

Taqa's earnings growth accelerates following oil-price recovery

Abu Dhabi National Energy Co. reported an almost fivefold jump in profit after crude prices climbed.

Crude slumps as trade war overshadows drop in U.S. inventories

Crude dropped to a six-week low as the escalating trade dispute between the world’s biggest economies overshadowed a decline in U.S. crude stockpiles.

Rosneft sets cash-flow record as Russian oil hits sweet spot

Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble.

China’s oil futures post mysterious gains

The crude futures that China launched in March seem to be dancing to an oil-market tune only they can hear.

Crude advances after Saudi restraint sparks renewed supply fears

Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies.