Warm welcome for President Trump in Saudi Arabia
President Donald Trump basked in Saudi Arabia’s lavish royal welcome royal welcome on Saturday as he left behind, at least temporarily, the snowballing controversies dogging him in Washington.
Fracking crew shortage may push oil’s biggest bubble to 2018
Shale explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout.
Oil-service IPOs blow past explorers as industry charts recovery
An improving oil and gas industry has turned the market for energy initial public offerings upside down.
Oil up as US supply decline signals Opec progress
Crude markets are getting some encouragement from the U.S. as supplies fell for a sixth week -- a sign that OPEC-led production curbs are starting to be felt in the world’s biggest oil-consuming nation.
After defying Trump, Scotland fights to keep a green dream alive
Scotland was so bullish about becoming Europe’s wind energy hub its politicians fell out with a brash real-estate developer and reality TV star called Donald Trump.
Aramco said to plan 10 or more energy deals amid Trump visit
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
Chevron’s $54bn LNG plant hits new snag
Chevron’s Gorgon liquefied natural gas plant shut a production train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the company’s history.
OPEC prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept crude prices in check for almost three years.
Man who helped bury Lehman turns to saving troubled Noble
As Noble Group Ltd. investors head for the door, the embattled commodity trader has turned to a man whose resume is a roll-call of Asia’s highest-profile corporate collapses.
Good news for crude as bets on Opec rally are gone
Hedge funds have undone all their wagers on an OPEC-driven oil rally, and that could be good for prices.
Oil jumps as Saudis, Russia favor extending output deal to 2018
Oil jumped to its highest level in two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for nine months.
US shale’s favorite financial trick getting less attractive
Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.
Trump’s China seal boosts US LNG without rule change
America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.
Oil bulls on top as cuts start to drain stockpiles
Oil is trading near $50 again, OPEC seems to be losing its ability to influence prices and a wave of new supply is hitting the market from Texas to Libya. For some, there’s never been a better time to buy.
Taqa posts first quarterly profit since 2015
Abu Dhabi National Energy Company posted its first quarterly profit since 2015 and is considering boosting investments in existing oil and natural gas assets that may increase production from Canada to Iraq.
Russia’s oil must be considered for global benchmark, Shell says
Shell said the time has come to debate using Russian crude to help determine the global Brent benchmark, in what would be the most radical shift in how European prices are calculated since the 1970s.
Hyundai Heavy’s $11bn split paves way for more deals
The world’s second-largest shipbuilder has split itself into four companies, a move that would facilitate a potential sale of some of the businesses.
Bad news for Opec as US shale drillers gear up for $84bn spree
US shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
Exxon, Petrobras discussed strategic partnership
ExxonMobil and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, similar to the $2.2 billion deal signed with Total SA in December, said people familiar with the conversations.
Trump reveals picks for crippled US energy regulator
President Donald Trump has chosen a longtime aide to Senate Majority Leader Mitch McConnell and a state utility regulator to serve on the Federal Energy Regulatory Commission, bringing the agency one step closer to regaining its power to rule on natural gas pipelines and utility mergers.
Oil steady as US stockpiles dropping again
Oil was steady before government data forecast to show U.S. crude stockpiles fell for a fifth week, further reducing an inventory surplus.
Oil stable as Saudi Arabia, Russia say cuts could extend beyond 2017
Oil held onto Friday’s gains as Saudi Arabia and Russia said they’re prepared to extend production cuts into next year to clear the global surplus.
Saudi Arabia says oil cuts could stretch into 2018
Saudi Arabia’s oil minister said he’s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the second half of the year and possibly beyond.
Hedge funds exit before Opec-driven oil rally disappears
Hedge funds jumped out of the oil market just in time.
Oil slides below $45 as US shale confounds Opec
Oil slid below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices.