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BP investing in Middle East oil while pledging a renewables shift

(Bloomberg) --BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emiss.........【More】

2020-11-30

OPEC+ projected to delay oil output hike by at least three months

(Bloomberg) --OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and re.........【More】

2020-11-27

Oil prices reach three month high on improving demand outlook

(Bloomberg) --Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improve.........【More】

2020-11-24

Oil markets turning bearish amid signs of pandemic’s accelerating economic impact

(Bloomberg) --Six months after the coronavirus pandemics initial punch, signs of a second wave are already emerging in the oil market. Chinas buying has slowed .........【More】

2020-09-10

Oil tests $40 as OPEC’s extra barrels loom on the horizon

SINGAPORE (Bloomberg) --Oil edged below $40 a barrel as OPEC+ producers started supplying more crude to a global market where many countries are still strugglin.........【More】

2020-08-04

OPEC+ plans to pump more crude into a precarious global oil market

LONDON (Bloomberg) - From quiet skies over Europe to sparse traffic in Americas biggest cities, a recovery in global oil demand is faltering amid the resurgence.........【More】

2020-08-03

Oil prices stabilize as OPEC compliance eases U.S. demand fears

NEW YORK (Bloomberg) --Crude futures in New York rose in tandem with a broader recovery in equities markets, as initial signs that OPEC members intend to comply.........【More】

2020-07-15

Oil prices climb on prediction of swift demand rebalance

SINGAPORE (Bloomberg) - Oil rose above $34/bbl, following a prediction from Russia that the market may rebalance as early as next month due to historic output c.........【More】

2020-05-27

Swift production declines may keep shale operators on oil rebound’s sidelines

HOUSTON (Bloomberg) --Oil prices have surged more than 75% in the U.S. this month. But dont expect a quick rebound in supply from shale explorers. The quick tur.........【More】

2020-05-25

Libyan oil uncertainty grows as crippling civil war drags on

CAIRO (Bloomberg) - The revival of Libyas oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to tak.........【More】

2020-05-22