Energy Commodities Oil

  • *OPEC pumps 221,000 bpd less in December than in November. NEW YORK, Jan 18- Oil prices fell to the lowest in a week on Wednesday on a strong dollar and expectations that U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the group's output fell from a record high. "The petroleum markets have turned lower again in...

  • *OPEC pumps 221,000 bpd less in December than in November. NEW YORK, Jan 18- Oil prices fell to their lowest level in a week on Wednesday on expectations U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the producer group's output fell from a record high. "The petroleum markets have turned lower again in...

  • Not dorection of transition to clean energy, but the speed and the scale

    Christiana Figueres, convenor of Mission 2020, discusses the importance of clean energy.

  • *OPEC pumps 221,000 bpd less in Dec than in Nov. LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the producer group's output fell back from a record high. Brent crude futures, the international benchmark for oil prices, were down $1.05 at $54.42...

  • Agreement to cut oil supply will hold: IHS Markit

    Dan Yergin, vice-chairman of IHS Markit, speculates on developments in the oil market in the coming year.

  • OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 AT SESSION LOW OF $54.45 A BARREL.

  • *OPEC pumps 221,000 bpd less in Dec than in Nov. LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year. Brent crude futures, the international benchmark for oil prices, were down 75 cents $54.72 a barrel at 1230 GMT.

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the producer group's output declines from a record high.

  • LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were down 82 cents $54.65 a barrel at 1008 GMT. Representative Ryan Zinke of Montana, President-elect Donald Trump's nominee for interior secretary, on Tuesday said he would consider an expansion of...

  • SINGAPORE, Jan 18- Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 22 cents at $52.70 per barrel at 0742 GMT. "U.S. oil has been supported by considerable weakening in the U.S. dollar over the last 24...

  • Maersk Group CEO: Still see growth opportunities in oil

    Maersk Group CEO Søren Skou talks about the logistics company’s strategic outlook while commenting on the state of the oil market.

  • SINGAPORE, Jan 18- Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 17 cents at $52.65 per barrel at 0448 GMT. Brent crude futures, the international benchmark for oil prices, were up 17 cents...

  • Oil market will rebalance this year at least: Pro

    OPEC cuts in oil production will be larger than the increases in U.S. oil production, says Alejandro Barbajosa, VP at Argus Media.

  • SINGAPORE, Jan 18- Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. "A combination of a weaker U.S. dollar and supportive comments from Saudi...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    U.S. shale production is set to snap a three-month decline in February, the Energy Information Administration said.

  • West Texas Intermediate crude oil futures were trading up 3 cents at $52.51 per barrel at 0058 GMT. Oil has drawn support from top crude exporter Saudi Arabia, which said it would adhere strictly to its commitment to cut output under the agreement between the Organization of the Petroleum Exporting Countries and other producers. Under the agreement, OPEC,...

  • NEW YORK, Jan 17- U.S. oil prices hit their biggest discount to global benchmark Brent crude in five months on Tuesday as President-elect Donald Trump said an oil import tax plan would be too complex and as a global deal to reduce supply hits Middle East output. A glut in global supply had limited the appetite for crude from the United States until late last year, even...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • NEW YORK, Jan 17- U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18- month highs. In the Permian Basin in West Texas and eastern New Mexico, output is set to rise by 53,000 bpd to 2.180 million bpd, the data showed. U.S. crude futures were...

  • Too much OPEC optimism?

    Helima Croft, RBC Capital Markets, gives her view on oil as the OPEC production cut deal is in early days.