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Headline News

OPEC, Russia sustain production as Saudi Arabia masks Venezuelan drop

2018-02-02 worldoil
LONDON and MOSCOW (Bloomberg) -- Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry. (55-0)

OPEC, Russia Supply Steady as Saudi Masks Venezuelan Drop - Bloomberg

2018-02-02 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (55-0)

Optimism reigns in oil market as focus turns to stockpile drop

2018-01-25 worldoil
HONG KONG (Bloomberg) -- Oil surged to the highest level in more than three years as investors cheered a record run of declines in American crude stockpiles, showing resolve in the face of surging U.S. shale output.

Oil extends three-year high after record pullback in stockpiles

2018-01-25 worldoil
LONDON (Bloomberg) -- Oil extended its three-year high as a record stretch of declines in U.S. crude stockpiles added to signs that global markets are burning off a chronic surplus. (2-0)

Oil Extends Three-Year High After Record Pullback in Stockpiles - Bloomberg

2018-01-25 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

WTI crude breaks US$65 as record drawdown whittles US oil stockpiles

2018-01-24 themalaymailonline
Used oil barrels are stacked at a storage facility in Seattle, Washington February 12, 2015. — Reuters picNEW YORK, Jan 25 — Crude popped above US$65 (RM255) a barrel for the first time in more than three years after US crude stockpiles fell for a 10th week in the longest stretch of declines on record.

Challenges lie ahead for Opec-Russia alliance

2018-01-06 thestar.com.my
Market share: A file picture showing a worker at the central processing facility of the Rosneft-owned Priobskoye oil field in Russia. Though Putin gave his blessings to extending the oil deal, Rosneft and Lukoil PJSC have warned that if the measures drag on too long they could lose market share to rivals. — Reuters

Russia sees oil-cut extension as consensus with OPEC emerges

2017-11-29 worldoil
“We have reached in general a mutual understanding” on the future of the deal, Novak said in Vienna on Wednesday. “I think we will have” a decision on an extension tomorrow, he said.

OPEC-Russia Oil Deal Faces One Last Hurdle: Knowing How to Stop - Bloomberg

2017-11-28 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Putin Crowns Himself OPEC King - Bloomberg

2017-11-24 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Russia’s Gas Giant Pours Money Into Patriotic Theme Parks - Bloomberg

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (10-0)

OPEC meeting approaches with no clear plan on how to extend cuts

2017-11-15 worldoil
MOSCOW and LONDON (Bloomberg) -- Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The outcome is far from certain. (6-0)

OPEC Approaches Meeting Without Clear Plan on How to Extend Cuts - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (6-0)

Russia Hesitates on Length of OPEC Oil Cuts Extension - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

As oil prices rise, global majors eye Mexico's deep waters

2017-11-10 worldoil
MEXICO CITY (Bloomberg) -- As the price of oil rises, an international rush is on for Mexico’s untapped deepwater riches. (92-0)