Gulf Keystone Petroleum gets $15million crude oil payment
Gulf Keystone Petroleum said it has received a gross payment of $15million from the Kurdistan Regional Government for Shaikan crude oil export sales in June.
crude
Oil busts, leery bankers and $100bn for distressed deals
The long wait may finally be over.
Noble Group posts loss as debt swells and business shrinks
Noble Group Ltd. lost money in the second quarter and net debt increased as the embattled commodities trader withdraws from some markets in an attempt to conserve cash and reverse a two-year collapse in its shares.
IEA predicts oil markets will begin to tighten
The International Energy Agency (IEA) said oil markets will begin to tighten in the second half of the year.
Oil pares biggest two-day rally in a month before US rig data
Oil declined after the biggest two-day increase in more than a month as prices fluctuated following a fall into a bear market this week.
Oil traders see glimmer of profit ahead in storing crude at sea
Oil traders once again believe it’s worth heading out to sea.
Oil slides after biggest monthly loss in year as US adds rigs
Oil fell after its biggest monthly decline in a year as U.S. producers increased drilling and crude and fuel stockpiles remained at the highest seasonal level in at least two decades.
Saudi Arabia said to have offered $4 billion to banks
Saudi Arabia’s central bank offered lenders short-term loans in late June to help ease liquidity constraints, according to five people familiar with the matter.
Biggest oil market embraces Iran once again as Asia imports jump
At the biggest oil market in the world, crude from Iran is back in vogue.
Oil near a two-month low as US drillers ramp up operations
Oil traded near the lowest close in two months as U.S. oil producers continued to revive drilling in the shale patch, adding rigs for the fourth consecutive week in the longest streak of increases since August.
Schlumberger joins Halliburton in calling bottom of oil downturn
The world’s two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.
Crude imports from Iran to South Korea jump in the month of June
Crude imports from Iran to South Korea have jumped nearly 115% since last month compared with a month earlier, new figures show.
Oil falls amid warnings of retreat to $40 on weaker demand
Oil fell amid a growing number of predictions that prices may slide toward $40 a barrel as consumption falters and supply disruptions end.
Shell wins crude tender
Shell (LON: RDSB) has won a tender to sell Nigerian crude cargo to Argentina.
Oil falls to two-month low as US drillers boost operations
Oil dropped to a two-month low after U.S. producers deployed the most rigs since April, signaling that output losses that trimmed a global glut may slow.
Oil drops below $50 amid Asia demand concern
Oil has dropped below $50 amide signs US shale drilled have been adapting to lower prices.
Crude falls as US drilling rigs increase to most since April
Oil dropped after U.S. producers increased the number of active rigs to the highest in 12 weeks, raising speculation output declines that have trimmed a global glut may slow.
Oil-sands crude returns to US market when it’s less needed
Canadian oil-sands producers who are restoring production after wildfires are finding U.S. refiners are doing just fine without as much crude from their northern neighbor.
US crude oil exports rose to 662,000 in May
US crude oil exports rose to a record 662,000 barrels per day in May rising up from 591,000bpd in April.
Russia’s savior from oil’s drop is now snuffing out recovery
Russia is finding the flip side of a flexible currency less and less appealing.
Oil patch ‘left for dead’ will spark new IPOs for US explorers
As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest US oil field are poised to take a new generation of gushers public.
Oil extends losses as US rigs drilling for crude rise 2nd week
Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week.
Falling oil price keeps commodity stocks under pressure
The London market remained in negative territory amid investor concern that weak economic data from China could lead to slower global growth.
Oil rises to six-month high as Nigeria, US supply tightens
Oil advanced to its highest intraday level in six months as supply reductions around the world, from the US and Canada to Nigeria, helped whittle away the global surplus.
UAE stocks lead mideast slump as banks post decline in profit
Equity markets in the United Arab Emirates extended declines on speculation recent gains were overdone after earnings fell at some of the country’s biggest banks.