U.S. LNG Exports to Europe on Track to Surpass Biden Promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with skepticism.After all, the U.S.
Oil Jumps After US Kills Iran's Soleimani
Oil prices jumped more than $3 on Friday after a U.S. air strike in Baghdad ordered by President Donald Trump killed the head of Iran's elite Quds Force, sparking concerns for an escalation of regional…
Oil Rises on Supply Losses, U.S. Push to Isolate Iran
Oil prices rose on Wednesday on supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and U.S. demands that importers stop buying Iranian crude from November.Brent crude…
Oil Rises on Supply Losses, U.S. Push to Isolate Iran
U.S. tells countries to cut Iran crude imports to zero as Canada supply disruption and Libya uncertainty push up crude. Oil prices rose on Wednesday on supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and U.S.
Oil Rises 2 Percent as Trump Mulls End of Iran Nuclear Deal
Saudi Arabia, Russia expected to agree extended production cut; Trump expected to decertify Iran nuclear deal. Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russia would limit production through next year pushed the U.S.
Oil Steady as Possible OPEC Extension Balances U.S. Exports
Saudi Arabia, Russia expected to agree extended production cut; record U.S. crude oil exports weigh on market. Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S.
Oil Slips on Mideast Rift Worries
Group of Arab states cuts all ties with Qatar; tankers going to/from Qatar barred from Fujairah port. Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between…
Pemex Seeks Refinery Investors, but Who's Buying?
Sweeping energy reforms have turned Mexico into one of the world's most attractive offshore prospects, but one segment is getting no love from U.S. investors: the nation's aging refineries. Efforts by…
Libya Government, Oil Guards Reach Deal to Reopen Ports
Libya's U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals shut down since December 2014.
Saudis Regain Top China Crude Supply Ranking
Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday.
Iran's May Oil Exports set to Soar
Loadings at 2.3 mln bpd in April, 2.1 mln bpd in May. Oil exports to Europe at about half of pre-sanctions level. Iran's oil exports are set to surge in May, climbing nearly 60 percent from a year ago…
Brent Oil Set for Biggest Monthly Gain
Brent crude was heading for its biggest monthly rise in seven years on Friday, touching 2016 highs as a weak dollar and falling U.S. production tempered concerns about an excess of physical oil. A looming rise in Middle East output capped gains…
Brent Crude Defies Glut with Big Monthly Gain
Weakening dollar, falling U.S. output lift market. Brent crude was heading for its biggest monthly rise in seven years on Friday, touching fresh 2016 highs as a weak dollar and falling U.S. production…
Oil Rises as Kuwaiti Strike Cuts Output for Third Day
Oil prices rose on Tuesday as a strike by oil workers in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday's failure by producers to agree to freeze output levels.
Oil Prices Up, Weekly Loss Looms
U.S. crude surges after hitting 12-year low; more talk of coordinated production cut lifts Brent. Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy…
U.S. Oil Export Ban Repeal Seeks Direction
U.S. senators who want to reverse the ban on oil exports are struggling to find wide legislation to attach their bill to, a sign that their effort to overturn the trade restriction could face difficulties.
Iran Deal Welcomed by Iraq and Syria but Won't Change Course of Conflict
Iran's historic nuclear deal may ease hostility with the West that has fuelled Middle East tensions for decades, but it is unlikely to change the course of conflicts where Tehran and Washington are both awkward allies and enemies.
Brazil CEO Arrested in Petrobras Graft Probe
Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1…
Vestas, Investors Await U.S Wind Tax Break Decision
Shareholders in Danish wind turbines maker Vestas are anxiously waiting for U.S. lawmakers to decide if a crucial tax break for wind power will be extended, as a favorable decision could send its share price bouncing up by over 10%…
Algeria Walks Economic Tightrope as Oil Falls
For months, Algerian officials repeated their mantra that large foreign exchange reserves would shield the country from collapsing oil prices. Last week, Prime Minister Abdelmalek Sellal took to state…
