Oil and Gas Energy Equipment and Services

  • *China crude oil production slips 8 pct to five-year low. Brent crude futures were 39 cents a barrel higher at $46.43 a barrel, a 0.9 percent gain, by 10:54 a.m. ET, up from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude rose 50 cents to $43.99 after touching its highest level since July 25 at $44.17 per barrel.

  • LONDON, Aug 11- Libya's plans to increase oil output by five-fold by the end of the year will remain out of reach until the government allocates funds to repair the damage to oil infrastructure, the National Oil Corp's chief told Reuters. "If we receive around $1 billion, we can do a lot," Mustafa Sanalla said, adding that the corporation submitted its budget to the...

  • Brent crude futures were up 14 cents a barrel higher at $46.18 per barrel by 1319 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.72 a barrel, up 23 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Brent crude futures were down 19 cents a barrel higher at $45.84 per barrel by 1000 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.41 a barrel, down 8 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Another nation is set to extract oil and expects to be adding to global production by June next year.

  • Brent crude futures were trading 1 cent a barrel higher at $46.05 per barrel by 1000 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.61 a barrel, up 5 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Brent crude futures were trading at $46.12 per barrel by 0645 GMT, receeding from a three-week high of $46.66 earlier in the day, though still up 8 cents from their last close. West Texas Intermediate crude stood at $43.70 a barrel, up 21 cents after touching its highest since July 25, at $44.17 per barrel. Markets were pushed up as Saudi Arabia's energy minister...

  • International Brent crude oil futures were trading at $46.40 per barrel at 0536 GMT, up 36 cents, or 0.8 percent, and earlier hitting a three-week high at $46.66. West Texas Intermediate crude futures were at $43.98 a barrel, up 49 cents, or 1.1 percent, and touching their highest since July 25 at $44.17. Markets were pushed up as Saudi Arabia's energy minister Khalid...

  • SINGAPORE, Aug 12- Oil prices edged up in early trading on Friday, extending gains from the previous session on expectations that exporters could at an upcoming meeting talk about ways to prop up a market that continues to be dogged by a supply overhang. International Brent crude oil futures were trading at $46.20 per barrel at 0047 GMT, up 16 cents, or 0.35 percent,...

  • LONDON, Aug 11- Libya's plans to increase oil output by five-fold by the end of the year will remain out of reach until the government allocates funds to repair the damage to oil infrastructure, the National Oil Corp's chief told Reuters. "If we receive around $1 billion, we can do a lot," Mustafa Sanalla said, adding that the corporation submitted its budget to the...

  • *Saudi oil production hits record high in July- OPEC. Adding to renewed worries about a global crude glut, top crude exporter Saudi Arabia told the Organization of the Petroleum Exporting Countries that the kingdom's output reached a record high of 10.7 million barrels per day in July. "At this time of year, we should be drawing down in crude inventories, and we are...

  • Aug 10- SBM Offshore's first-half results lagged analysts' expectations on Wednesday as challenging conditions persisted in the oil industry and the Dutch oil services company announced an additional 250 job cuts. Chief Executive Bruno Chabas told journalists that the majority of job cuts would be in this segment. "The overview of what has happened is that...

  • Data showing Saudi Arabia pumping oil at record high volumes in July added to worries about a global crude glut. U.S. crude inventories gained 1.1 million barrels in the week ended Aug. 5, the U.S. Energy Information Administration reported, in a third straight week of builds that surprised the market. "We do feel that any further strength in the spot price will be met...

  • *Saudi Arabia produces oil at record level in July- OPEC. Top exporter Saudi Arabia boosted its oil output to a record high in July of 10.67 million barrels-per-day, it told the Organization of the Petroleum Exporting Countries. OPEC said in its monthly oil report citing secondary sources its crude output, including Gabon, rose to 46,000 bpd in July to 33.11...

  • *Saudi Arabia produces oil at record level in July- OPEC. Top exporter Saudi Arabia boosted its oil output to a record high in July of 10.67 million barrels-per-day, it told the Organization of the Petroleum Exporting Countries. OPEC said in its monthly oil report citing secondary sources its crude output, including Gabon, rose to 46,000 bpd in July to 33.11...

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said. Venezuela, a member of the Organization of the Petroleum Exporting Countries, is trying to drum up support for a producer meeting to decide measures that would buoy oil prices. When producers last held such talks in April, OPEC members failed to...

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said. Venezuela, a member of the Organization of the Petroleum Exporting Countries, is trying to drum up support for a producer meeting to decide measures that would buoy oil prices. When producers last held such talks in April, OPEC members failed to...

  • *Venezuela calls for producer meeting to prop up oil prices. West Texas Intermediate crude oil futures were trading at $42.43 per barrel at 0657 GMT, down 34 cents from their last settlement, or 0.79 percent. "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors.

  • *Venezuela calls for producer meeting to prop up oil prices. West Texas Intermediate crude oil futures were trading at $42.43 per barrel at 0657 GMT, down 34 cents from their last settlement, or 0.79 percent. "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors.

  • Reflections of customers are seen outside the Tesla Motors store on the Third Street Promenade in Santa Monica, California, March 31, 2016.

    An S&P Global analyst joined CNBC's "Closing Bell" to talk Tesla and whether the company is worth the investment risk.