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Friday, 01 March 2019 05:33

Oil Dips on U.S. Manufacturing Data

Oil prices reversed course on Friday, falling 2 percent as bearish U.S. manufacturing data stoked concerns over global energy demand…
An oil tanker carrying U.S. crude oil is offloading its cargo at a Chinese port on Friday, marking China's first…
Thursday, 28 February 2019 05:06

US Offers Oil from Emergency Reserve

The U.S. Energy Department said on Thursday it is offering up to five million barrels of sweet crude oil from…
Wednesday, 27 February 2019 10:41

Citgo Loans Price in Potential Regime Change

The bank debt of oil refiner Citgo Petroleum Corp, US subsidiary of Petróleos de Venezuela SA (PDVSA), has been volatile…
Wednesday, 27 February 2019 05:53

U.S. Crude Stockpiles Fall Unexpectedly -EIA

U.S. crude oil stocks fell unexpectedly last week as net imports fell to record lows, despite production growing to all-time…
BP Chief Executive Bob Dudley described the United States' high-pace shale oil sector as a "market without a brain" that,…
Sunday, 24 February 2019 14:45

U.S. Fracking Shrinks by 25% in 2H2018

The new median estimate for nationwide fracking activity in December 2018 suggests 36 frac jobs per day, said a research.…
Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they…
Wednesday, 20 February 2019 02:33

Oil Dips After Record U.S. Shale Forecast

U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption. file Image: AdobeStock…
Friday, 15 February 2019 08:12

US Rig Count Climbs

U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid…