An oil spill in western North Dakota last December might be bigger than everyone thought. » Read More
*Support from Lower than expected build up, OPEC cuts. West Texas Intermediate futures slipped 10 cents, or 0.2 percent, to $53.73 a barrel by 0249 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance with output cuts offset rising U.S. oil reserves.
Oil prices fell after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February.
SINGAPORE, March 2- Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. West Texas Intermediate futures slipped 12 cents, or 0.2 percent, to $53.71 a barrel by 0025 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance...
*Russia cuts Feb oil output but compliance is low- sources. NEW YORK, March 1- Oil prices ended slightly lower on Wednesday as record high U.S. crude supplies tempered expectations that the market will rebalance as evidence emerges that OPEC producers are complying with an agreement to cut production. May Brent crude futures dropped 15 cents, or.
Pavel Molchanov, Raymond James senior VP and energy analyst, discusses the trade on Exxon Mobil as the company announces it will increase its capital spending.
CRUDE DOWN BY $1 A BARREL AT SESSION LOW OF $45.61 A BARREL.
Goldman Sachs predicts Williams can raise its dividend by 10 percent to 15 percent annually through 2020.
Russia cuts Feb oil output but compliance is low- sources. NEW YORK, March 1- Oil prices were largely steady on Wednesday, paring gains and briefly turning negative, after crude inventories in the United States rose to a record high. Rising U.S. production has tempered expectations that the market will rebalance as evidence emerges that OPEC producers are...
NEW YORK, March 1- Oil prices pared gains on Wednesday, with U.S. futures turning negative, after crude inventories in the United States rose to a record high. West Texas Intermediate futures for April delivery was down 9 cents at $53.92, down from $54.44 earlier in the session. May Brent crude futures was 2 cents higher at $56.51 a barrel after earlier trading as high...
The vote to clear Zinke was less contentious than for many other Trump Cabinet choices.
U.S. CRUDE FUTURES GIVE UP GAINS, TURN NEGATIVE AFTER EIA DATA.
Pipeline makers have a fossil fuel friendly president, but they face regional opposition and a burgeoning environmental movement.
OIL PRICES HOLD GAINS AFTER EIA DATA SHOWS SMALLER-THAN-EXPECTED BUILD IN U.S.
The chief executive officer of Eni, Claudio Descalzi sits down with CNBC to discuss its earnings report and where the oil price is heading.
Eni CEO Claudio Descalzi discusses growing reserves in countries which may have corporate governance issues.
Eni CEO Claudio Descalzi discusses his business strategy for the company, which will focus on new upstream projects.
Eni CEO Claudio Descalzi discusses his strategy in terms of capex cuts and adds that the oil price will rise, though "2017 is still a transition era."
*Losses reversed as investors take heart from OPEC compliance. LONDON, March 1- Oil reversed earlier losses on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output, although evidence of increasing U.S. production capped gains. "OPEC will be happy with price stability in the upper half of our shale band and above $60 a barrel, we...
SINGAPORE, March 1- Crude oil lost more ground on Wednesday with rising U.S. oil output adding pressure on the market, although OPEC production cuts continued to offer support. Investors in the oil market are awaiting weekly inventories data from the U.S. Energy Information Administration due at 1530 GMT on Wednesday. West Texas Intermediate crude futures lost...
SINGAPORE, March 1- Crude oil prices rose on Wednesday as the dollar trimmed gains and a speech by U.S. West Texas Intermediate crude futures gained 11 cents, or 0.2 percent, to $54.12 a barrel by 0415 GMT and Brent crude added 15 cents, or 0.3 percent, to $56.66. If Trump had announced de-regulations of some of the environment protections to make it easier to pump more...