Top oil traders bet US shale here to stay
The world’s biggest energy traders are betting shale oil production is here to stay.
Oil below $45 as US output jumps
Oil slipped below $45 a barrel as investors weighed expanding US production against declining crude and gasoline stockpiles.
Saudi Aramco crude output rose to annual record in 2016
Saudi Arabian Oil Co., the world’s largest oil exporter, increased production to an annual record last year before the kingdom led OPEC and other major producers to curb output to counter a global oversupply.
GE among firms facing fines amid EU merger violations crackdown
General Electric Co., Merck KGaA, Sigma-Aldrich Corp. and Canon Inc. are the latest companies to risk hefty penalties as the European Commission clamps down on violations of its merger approval procedures.
US shale boom lands in UK thanks to Belgium
It took a surge of gas flowing out of UK for the country to finally take part in the US shale boom.
How Goldman’s commodities profit engine started to sputter
The commodities supercycle was over, investors were losing interest and regulators were clamping down on risky trading. Most banks were retreating from commodities, but not Goldman Sachs Group Inc.
Russia said to oppose any move to deepen OPEC cuts at talks
Russia wants to stick to the current OPEC deal and would oppose any proposal for deeper production cuts at the group’s ministerial meeting later this month, said four Russian government officials.
GE oilfield giant is ready to prosper, if recovery cooperates
General Electric Co.’s new oilfield services behemoth is poised to capitalize on a recovery from the worst crude crash in a generation -- except no one is sure when that will actually happen.
Total to sign milestone energy deal in Iran for gas field
Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural gas field -- the first investment in the country by an international energy company since sanctions were eased last year.
US crude oil production may not be growing quite so fast
U.S. crude production fell for the first time this year in April, reining in exuberance over rapidly growing domestic output.
Goldman sees oil staying lower without deeper OPEC cuts
OPEC may need to make deeper supply cuts to rebalance the oil market as booming production from Libya and Nigeria threatens to undercut the group’s efforts, according to analysts at Goldman Sachs Group Inc.
Vedanta makes $3billion bet to re-energize biggest oilfield
India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field.
UK has it `totally wrong’ on energy approach, Ineos says
Britain’s investment in the Hinkley Point nuclear power plant and its bias toward wind power over solar is wrong for the country, according to Britain’s largest closely held company.
Shell seeks gas converts among Indian textile, cement plants
Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas.
Enquest jumps on hopes new field to ease debt
EnQuest Plc climbed the most in three months in London trading on speculation borrowings will fall following the start of production at its Kraken oil field in the U.K. North Sea.
Welcome to the booming Texas port at heart of US oil sales
Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry.
Hackers hit 75% of drillers as sketchy monitoring is blamed
Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated.
Oil trims biggest monthly loss since July as fund optimism wanes
Oil trimmed its biggest monthly decline in almost a year while hedge funds tempered their outlook for prices.
A look at energy markets after the first five months of Trump
As the White House kicks off “Energy Week,” here’s a look at how energy markets are faring so far this year -- and how the Trump administration stands to change them:
Gazprom smells opportunity as UK’s biggest gas store shuts
Gazprom PJSC is in talks to ramp up natural gas sales in the UK as coal plants are shuttered and the nation’s biggest storage site is closed for good.
Few escape routes left from another bear market in oil
Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC and its allies with few remaining tools to boost prices.
Shell’s New Zealand assets attract interest from OMV, Vermilion
Royal Dutch Shell’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said.
World’s No. 3 oil reserves tested by rout as Shell decamps
When Royal Dutch Shell decided to pull out of the Canadian oil sands, the local producers doubled down with more investment. Crude’s bear market is testing their resolve.
Hedge-fund activist’s soft spot: a 90% loser led by his father
Zach George and his fellow pirates used to talk tough to CEOs. Their battle cry: “Surrender the Booty!”
UK set up for global gas fight as giant storage site shuts
Already buffeted by political chaos at home and abroad, the U.K. gas market must now operate without its biggest stabilizing force: the giant Rough gas storage facility under the North Sea.