Oil halts advance near $57 as US drillers add rigs to fields
Oil halted gains near $57 a barrel as U.S. drillers expanded the crude rig count to a three-month high, potentially countering efforts by OPEC and its allies to drain a global glut.
Egypt sees pilot production at Eni’s Zohr gas field in days
Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year.
Noble Group faces key deadlines as threat of default lingers
Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a $3.5 billion debt restructuring.
Oil trades near $56 after slump as US gasoline stockpiles gain
Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more than expected, offsetting a third weekly decline in crude inventories.
Opponents make ‘America first’ case against solar tariffs
Critics of imposing tariffs on solar panels used a signature policy priority of President Donald Trump to make the case that imposing that trade protection would be harmful to American businesses -- and they say it’s already having an impact.
Video: What does OPEC’s decision mean for the oil price?
Robert Thummel, managing director at Tortoise Capital Advisors LLC, discusses the outlook for oil inventory and energy stocks with Bloomberg’s Scarlet Fu and Julia Chatterley. Watch the video to find out more.
California bill to banish gasoline cars by 2040 is in the works
A California lawmaker wants to put the state alongside China, France and the U.K. and have its legislature consider a ban on vehicles powered by fossil fuels.
Arctic oil rush abates in Norway after exploration letdown
Oil exploration in Norway’s Arctic seems to have lost some of its appeal after a disappointing drilling campaign.
Goldman lifts 2018 oil price outlook on strong OPEC resolve
OPEC and its allies’ strong commitment to extended oil supply cuts will lower inventories next year and lift prices, according to Goldman Sachs Group Inc.
VIDEO: US oil fills OPEC supply gaps at $60
In today’s “Futures In Focus”, Brian Battle of Performance Trust Capital Partners, and Bloomberg’s Mark Barton discusses movement in oil prices amid OPEC cuts. Watch the video to find out more. View time: two minutes.
Oil falls below $58 as rig count counters OPEC curbs extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. oil drilling rigs against OPEC’s promise to extend output cuts through the end of next year.
Chevron’s $1million-an-hour dividend may go into overdrive
Chevron Corp. may accelerate dividend growth over the next two years thanks to megaprojects that are already in the budget, according to one of the top-rated analysts following the oil explorer.
OPEC and Russia ready to extend oil-supply cuts through 2018
OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling and prices maintain recent gains.
Oil drilling in Alaska refuge hits snag over Budget protocol
A bid to open the Arctic National Wildlife Refuge to oil drilling faces a hold up over an arcane budget rule, a development that may mean it can’t be included in the tax overhaul legislation.
Solar’s tumble starts claiming victims as Trina rethinks India
Solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While that’s good news for consumers, solar companies might have to reconsider the economics of projects already under way.
OPEC-Russia deal faces one last hurdle: knowing how to stop
OPEC and Russia concur on two things: their oil production cuts are working and they should be extended deeper into next year. What’s proving more elusive is an accord on when and how to end the curbs.
37 Years in the Making: Exxon Opens Tap on Offshore Canada Cache
On the eve of the most momentous OPEC gathering in at least three years, Exxon Mobil Corp. turned on the spigot on an oil field that’ll pump a supertanker worth of crude every two weeks.
Million-barrel oil hedging surge signals shale boom here to stay
Oil explorers took advantage of a market rally to lock in prices for almost 1 million barrels a day’s worth of future output, signaling the shale boom’s staying power as OPEC ponders the extension of its supply curbs.
Wrangler drops 200 pounds as iconic Jeep gets lean, adds hybrid
The biggest challenge for the Jeep Wrangler isn’t demand from consumers, but from regulators. Boxy and brawny, the iconic sport utility vehicle’s design tenets are tough to square with the upcoming era of stiffer fuel-economy rules.
Oil trades near highest in more than two years before Opec meets
Oil traded near the highest close in more than two years before OPEC meets this week to discuss extending supply cuts.
Aramco sees oil market balanced as U.A.E. downplays shale
Global crude inventories are declining and supply and demand are in balance, according to the head of Saudi Aramco, while the United Arab Emirates energy minister said U.S. shale oil doesn’t threaten OPEC’s efforts to support the market.
As oil booms, biggest importer signals demand will boom too
Oil investors discouraged by Wednesday’s data showing a retreat in Chinese crude imports can find cheer in another figure released in the world’s top buyer on the same day.
Noble group results to signal whether trader able to survive
For more than two years, the story of whether Noble Group Ltd. will survive or implode has gripped the global commodities industry. The next chapter gets written on Thursday as the Hong Kong-based trader reports quarterly results after the close of trade in Asia.
Trump’s $250billion China haul is big number, little substance
The headline number is impressive: A quarter-trillion dollars worth of deals from China that President Donald Trump can use to show he’s creating opportunities for U.S. businesses and jobs for his base.
Rolls-Royce ex-executives plead guilty to US bribe charges
Two former Rolls-Royce Holdings Plc executives pleaded guilty to U.S. charges that they orchestrated international bribes over more than a decade, continuing an Obama-era effort to hold individuals responsible for corporate misconduct.