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March 26-28,2025

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Industry News
The following is the news list page
15 2018-08

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

NEW YORK (Bloomberg) -- Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. Futures advanced as much as 1.7% in New York on T.........

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13 2018-08

Caspian Sea breakthrough treaty set to boost oil, pipeline plans

MOSCOW (Bloomberg) --Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more tha.........

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07 2018-08

U.S. considers oil sanction waivers as new Iran penalties start

WASHINGTON D.C. (Bloomberg) -- The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the I.........

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03 2018-08

Saudi Arabia cuts oil pricing as it boosts supply to meet demand

DUBAI (Bloomberg) -- Saudi Arabian Oil Company reduced monthly pricing to most markets as the worlds biggest oil exporter boosts supply to meet customer demand. Saudi Aramco, as the state-ow.........

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31 2018-07

Oil edges higher as U.S. auto proposal counters bearish rig data

TOKYO (Bloomberg) -- Oil edged higher near $69/bbl on prospects a U.S. overhaul of car efficiency rules will increase fuel consumption, countering concerns over potential gains in American s.........

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30 2018-07

Oil heads for a fourth weekly drop as trade war fears linger

LONDON (Bloomberg) -- Oil was poised for a fourth weekly decline as the unexpected halt in Saudi shipments through a Red Sea waterway failed to add a significant risk premium to prices, whil.........

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27 2018-07

Saudis suspend oil shipments via Bab el-Mandeb after attack

LONDON (Bloomberg) -- Saudi Arabia took the extraordinary measure of temporarily halting oil shipments via the Bab el-Mandeb Strait, a key shipping lane for crude at the southern tip of the .........

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25 2018-07

Oil advances as U.S. surplus near 3-year low takes center stage

NEW YORK (Bloomberg) -- Crude rose on expectations that U.S. oil inventories already close to a 3-year low continue to shrink. Futures rose as much as 1.5% in New York on Tuesday. A U.S. gov.........

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24 2018-07

Oil rises as U.S.-Iran tensions counter concern over trade spat

SINGAPORE and LONDON (Bloomberg) -- Oil rose to near $69/bbl as flaring tensions between the U.S. and OPEC member Iran countered growing concerns that trade protectionism will harm economic .........

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23 2018-07

Oil set for weekly drop as Trump issues new trade threats

CALGARY (Bloomberg) -- Oil headed for a third weekly loss amid concern escalating trade rows would undercut energy demand, undermining reassurances from Saudi Arabia that it wont flood globa.........

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20 2018-07

Oil's hired hands are looking beyond shale to an overseas "boomlet"

HOUSTON (Bloomberg) -- The worlds biggest oilfield-service companies may have finally found something to talk about beyond the U.S. shale boom. The oil explorers they serve are forecast to b.........

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19 2018-07

Diversity is in vogue again as oil investors see potential beyond shale

NEW YORK (Bloomberg) -- Suddenly, diversity is in again for the oil business. Explorers with a hand in multiple fronts -- from onshore to deepwater, pumping crude to refining it -- are tradi.........

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18 2018-07

Longshot oil riches draw wildcatters to the Utah desert

WASHINGTON D.C. (Bloomberg) -- On hot days in Utahs Uinta basin, rocks weep oil. Rivulets of black tar hint at the untapped riches within. Taken in hand, the stone crumbles, as warm and waxy.........

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16 2018-07

Iran touts Russia's plan to invest in its oil with sanctions looming

MOSCOW (Bloomberg) -- Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S..........

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12 2018-07

Oil patch has fastest-rising rent in U.S.

HOUSTON (Bloomberg) -- Want to rent an apartment near the biggest U.S. oil patch? Itll cost you. Rent in West Texas, home to the Permian basin, climbed to the highest since at least 2005, ba.........

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