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March 26-28,2025

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Industry News
The following is the news list page
20 2016-06

Crude oil advances most in two months

NEW YORK (Bloomberg) -- Oil climbed the most in two months, paring a weekly decline as a weaker dollar bolstered the appeal of commodities to investors. Futures rose 3.8% in New York as a ga.........

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17 2016-06

Oil bosses see volatility easing with crude around $50

ST. PETERSBURG, Russia (Bloomberg) -- Crude is stabilizing around $50/bbl and may only average $55 next year as the global oversupply continues to cap prices, according to two of the worlds .........

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16 2016-06

Oil pares losses after U.S. crude supplies decline a fourth week

NEW YORK (Bloomberg) -- Oil futures pared losses after U.S. government data showed crude stockpiles decreased a fourth week, reducing the glut. Crude inventories fell by 933,000 bbl last wee.........

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15 2016-06

Crude drops to three-week low as investors seek safe havens

NEW YORK (Bloomberg) -- Oil dropped to a three-week low in New York as risk aversion among investors sent equities lower and bolstered the dollar, reducing the appetite for commodities. Futu.........

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14 2016-06

Crude extends decline from one-week low ahead of Brexit vote

NEW YORK (Bloomberg) -- Crude fell a fourth day after closing at a one-week low as concern mounts over the strength of global growth as Britain votes later this month on whether to leave the.........

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13 2016-06

Bucking Big Oil, U.S. House condemns carbon tax

WASHINGTON, D.C. (Bloomberg) -- Congressional Republicans approved a non-binding resolution to condemn the idea of a carbon tax, putting lawmakers on record opposing an approach to combating.........

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12 2016-06

Oil falls most in 10 weeks as U.S. rig count gains, dollar rises

NEW YORK (Bloomberg) -- Crude fell the most in 10 weeks as the number of rigs drilling for oil in the U.S. climbed and the U.S. dollar strengthened against its peers. Futures tumbled 3% in N.........

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08 2016-06

Global oil demand is growing ‘strongly,’ leading trader says

SINGAPORE (Bloomberg) -- Trafigura Group has joined other leading energy trading houses in saying oil demand is growing strongly this year, suggesting that OPECs cheap oil strategy is spurri.........

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06 2016-06

OPEC optimism masks challenge to oil’s rally from 12-year low

TEHRAN (Bloomberg) -- Oils recovery from a 12-year low may be too good to last as Iranian output rebounds faster than expected. OPEC last week stuck to its policy of unfettered production, d.........

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03 2016-06

OPEC keeps status quo after failing to agree on output cap

VIENNA (Bloomberg) -- OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling. Crude extended its decline in London. The meeting didn.........

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02 2016-06

Oil pares losses on report OPEC to consider new output ceiling

NEW YORK (Bloomberg) -- Oil pared declines following a report that OPEC may consider a new production ceiling at Thursdays meeting. Futures rebounded after Reuters cited four sources as sayi.........

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01 2016-06

Petrobras names new CEO and board member

RIO DE JANEIRO -- Petrobras has annouced the resignation of Aldemir Bendine from Petrobras board member and CEO positions. In light of the resignation presented, the board of directors held .........

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31 2016-05

Oil pessimists exit market as supplies seen closer to balance

NEW YORK (Bloomberg) -- The oil market doomsayers are beginning to capitulate. Speculators reduced bets on falling prices to the lowest level in 11 months as oil briefly breached $50/bbl on .........

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30 2016-05

Oil states expected to stick with Saudis: OPEC reality check

VIENNA, Austria (Bloomberg) -- OPEC members gathering in Vienna June 2 are expected to go along with a Saudi Arabia-led policy focused on squeezing out rivals amid signs the strategy is work.........

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27 2016-05

Oil’s brief $50 breach doesn’t mean much unless it sticks around

NEW YORK and LONDON (Bloomberg) -- For the oil industry, $50/bbl is a nice start. The big question is what comes next. Crude prices in New York and London briefly breached that long-anticipa.........

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