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March 26-28,2025

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Industry News
The following is the news list page
26 2016-05

Oil climbs to seven-month high as U.S. crude supply, output decline

NEW YORK (Bloomberg) -- Oil rose to the highest level in more than seven months in New York, after a government report showed that U.S. crude inventories and production declined, easing a gl.........

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25 2016-05

Oil’s recovery under threat as tankers run in circles off China

BEIJING (Bloomberg) -- In late February, the tanker Jag Lok loaded oil from Equatorial Guinea in western Africa and set sail for the Chinese port of Qingdao, the gateway to the worlds newest.........

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24 2016-05

OPEC set for another meeting with no deal after Doha failure

VIENNA, Austria (Bloomberg) -- After failing to reach an accord on oil supply in Doha last month, OPEC is poised to go another meeting with no agreement on how much crude to produce. All but.........

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23 2016-05

Total, Oil Search divvy InterOil assets in $2.2-billion deal

PARIS (Bloomberg) -- Total and Oil Search will divide the Papua New Guinea assets of InterOil Corp. in a two-step deal as global energy companies seek to expand the Pacific nations LNG expor.........

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20 2016-05

Oil rally seen having more to go as millions of barrels are lost

MELBOURNE, Australia (Bloomberg) -- Oil prices are yet to reflect all of the millions of barrels of crude lost to supply disruptions, according to Australia New Zealand Banking Group Ltd. Al.........

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19 2016-05

Oil extends drop as unexpected stockpile gain expands U.S. glut

NEW YORK (Bloomberg) -- Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the most in more than eight decades. Futures slid as mu.........

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18 2016-05

Oil rises to seven-month high as supply losses tame surplus

NEW YORK (Bloomberg) -- Oil hit a seven-month high on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess. Wes.........

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17 2016-05

Oil rises to six-month high as Goldman sees demand above output

NEW YORK (Bloomberg) -- Oil rose to a six-month high as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected following supply disruptions in Nigeria and an inc.........

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16 2016-05

The Oil & Gas Asset Clearinghouse expands into Mexico

HOUSTON -- OFSCap, LLC, has announced that its affiliate The Oil Gas Asset Clearinghouse is expanding its presence into Mexico. Clearinghouse and OFSCap will jointly offer advisory services .........

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13 2016-05

Iran's speedy oil revival unlikely to mean change in OPEC stance

DUBAI (Bloomberg) -- Irans success in boosting crude output to the most since late 2011 is no incentive for it to join OPEC partners in curbing production to shore up prices. With crude rall.........

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12 2016-05

Oil rises after unexpected decline in U.S. crude stockpiles

NEW YORK (Bloomberg) -- Oil climbed after a government report showed that U.S. crude inventories unexpectedly declined. Futures rose as much as 3.3%. Crude stockpiles fell 3.41 MMbbl last we.........

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11 2016-05

Stubborn natural gas supply imperils best U.S. rally in 14 years

NEW YORK (Bloomberg) -- Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story. Price.........

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10 2016-05

Petrobras asset sales unaffected by impeachment

RIO DE JANEIRO (Bloomberg) -- Political turmoil in Brazil shouldnt stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the stat.........

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09 2016-05

Saudis' new oil boss seen chasing record output to stymie shale

RIYADH (Bloomberg) -- Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the worlds largest exporter sticks wit.........

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06 2016-05

Chesapeake Energy jumps as shale gas auction accelerates

OKLAHOMA CITY (Bloomberg) -- Chesapeake Energy Corp. surged after the shale gas explorer signed a deal to sell Oklahoma drilling rights to Newfield Exploration Co. for $470 million. The deal.........

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