Oil and Gas Oil and Gas Storage

  • Crude futures have surged nearly $10 a barrel, or almost 25 percent, in just over two weeks on speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non- OPEC members led by Russia. Brent crude was down 22 cents, or 0.5 percent, to $50.67 per barrel by 12:06 p.m....

  • Crude futures have surged nearly $10 a barrel, or almost 25 percent, in just over two weeks on speculation that Saudi Arabia and other key members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non- OPEC members led by Russia. Brent crude was down 27 cents, or 0.5 percent, at $50.60 per barrel by...

  • International benchmark Brent futures were trading at $50.70 per barrel at 1128 GMT, down 19 cents from their last close. West Texas Intermediate crude futures were down 9 cents at $48.13 a barrel after reaching $48.75, their highest since July 5. Iraq has resumed pumping oil from fields operated by the state-run North Oil Company via a Kurdish pipeline to...

  • International benchmark Brent futures were trading at $50.50 per barrel at 0840 GMT, down 39 cents from their last close. West Texas Intermediate crude futures were down 20 cents at $48.02 a barrel after reaching $48.75, their highest since July 5. Iraq has resumed pumping oil from fields operated by the state-run North Oil Company via a Kurdish pipeline to...

  • DENVER— A puzzling concentration of the greenhouse gas methane over the Southwestern United States appears to come mostly from leaks in natural gas production, scientists said Monday. Researchers identified more than 250 sources of a methane hot spot over the Four Corners region of Arizona, Colorado, New Mexico and Utah. Only a handful were natural seeps from...

  • BANGOR, Maine— Maine is again suing the federal government to finish recovering the millions of dollars it'll take to clean up hazardous waste at oil storage facilities. In a lawsuit filed Aug. 9 in U.S. District Court in Bangor, Democratic Attorney General Janet Mills estimates it could cost Maine more than $10 million to clean up decades-old pollution at former...

  • NEW YORK, Aug 12- Oil rose about 2 percent on Friday, clinching its biggest weekly gains since April, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. U.S. crude settled up $1 at $44.49 after touching its highest level since July 22 at $44.60 per barrel.

  • NEW YORK, Aug 12- Oil prices were up about 1 percent on Friday, on track for their biggest weekly gains since May, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 56 cents higher at $46.60 at barrel by 1:16 p.m. ET after...

  • NEW YORK, Aug 12- Oil prices rose about 2 percent on Friday, on track for their biggest weekly gains since late April, amid a short covering rally triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 84 cents higher at $46.88 at barrel by 12:30 p.m. ET after...

  • *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.

  • 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...

  • 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,...

  • *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...

  • 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...