Oil and Gas Energy Equipment and Services

  • 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.

  • *China storage space running out- PVM. LONDON, Aug 5- Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. West Texas Intermediate crude futures fetched $41.83 per barrel at 1211 GMT, down 10 cents from their last close, after trading as low as $41.44.

  • *China storage space running out- PVM. LONDON, Aug 5- Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. West Texas Intermediate crude futures fetched $41.74 per barrel at 0930 GMT, down 19 cents from their last close, after trading as low as $41.44...

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell by 1 percent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • SINGAPORE, Aug 5- Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions after profiting from sharp declines since June. West Texas Intermediate crude futures were trading at $41.81 per barrel at 0029 GMT, down 12 cents from their last close but still up over 6 percent from their low fo the week on...

  • LONDON, Aug 4- Britain could go into next winter with very low levels of gas stocks, according to estimates by Centrica Storage Limited for withdrawals from its Rough gas storage site, published on Thursday. Centrica, which owns British Gas, one of Britain's largest energy suppliers, imposed restrictions in March last year on how much gas could be stored at Rough as...

  • SINGAPORE, Aug 3- Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. West Texas Intermediate crude futures were trading at $39.54 per barrel at 0651 GMT, slightly above their last close...