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March 26-28,2025

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Industry News
The following is the news list page
15 2018-06

Oil trades near $67 as Saudi Arabia sees "inevitable" supply boost

LONDON (Bloomberg) --Oil steadied just below $67/bbl as Saudi Arabias energy minister said an OPEC agreement to raise production is inevitable. Futures in New York rose 0.5% after a 1.4% inc.........

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14 2018-06

Oil companies ask to throw out New York's climate change lawsuit

MANHATTAN (Bloomberg) --A group of the worlds biggest oil companies asked a judge to throw out New York Citys lawsuit seeking to hold them responsible for costs related to climate change. Co.........

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13 2018-06

Oil trades near $66 as OPEC split deepens over production boost

LONDON (Bloomberg) -- Oil traded near $66/bbl as producing countries disagreed over relaxing output curbs and OPEC highlighted the uncertainty over the strength of demand later this year. Fu.........

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11 2018-06

Hedge fund with 69% return sees more to come from oil recovery

OSLO (Bloomberg) --A hedge fund run by a former associate of billionaire John Fredriksen has gained 69% in two years betting on shunned oil-related assets -- and its not nearly done exploiti.........

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08 2018-06

OPEC finds rewards from oil-supply cuts weren't evenly split

LONDON (Bloomberg) --OPECs members all benefited from last years supply deal, but the rewards werent evenly divided. The Organization of Petroleum Exporting Countries overall oil-export reve.........

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07 2018-06

Repsol shows faith in oil's rally with dividend, spending boost

MADRID (Bloomberg) --Repsol SA, Spains largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl. The scrip dividen.........

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06 2018-06

Goldman says U.S. oil request won't stop stockpiles dwindling

LONDON (Bloomberg) --The outlook for oil is still bullish even if OPEC accedes to U.S. pressure to boost supply, Goldman Sachs Group Inc.s top commodities analyst said. The U.S. government h.........

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05 2018-06

Shell says Nigeria attacks persist even as oil output recovers

ABUJA (Bloomberg) --Nigerias oil wells may be flowing again, but the countrys largest operator says attacks continue to put a brake on output. Security in parts of the Niger delta remains a .........

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30 2018-05

Oil slips after Saudi-Russian revival talk "popped the bubble"

NEW YORK (Bloomberg) --Crude fell for a fifth straight day as the market weighs the prospects of rising production from Saudi Arabia and Russia. Futures fell 1.7% in New York to their lowest.........

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28 2018-05

Saudi-Russia policy shift sets stage for tense OPEC meeting

LONDON (Bloomberg) --When Saudi Arabia and Russia announced a new policy to revive oil production last week, one thing was missing: most of the other partners in their grand coalition. With .........

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25 2018-05

Oil extends slide as Russia talks of easing OPEC supply curbs

NEW YORK (Bloomberg) --Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table. West Tex.........

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24 2018-05

The $100/bbl oil wager comes back to the options market

LONDON (Bloomberg) --Some options traders are betting on $100 oil again. Whether its the specter of sanctions on Iran, Venezuelas output plunge, or a momentum play on the back of the past ye.........

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23 2018-05

Norway's $1-trillion wealth fund moves closer to oil exit

OSLO (Bloomberg) --Norways $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. The fund won support from key academics at Norways top unive.........

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17 2018-05

More pain may come for Nigeria's loss-making oil behemoth

LAGOS (Bloomberg) --Its meant to be a cash cow, but the state oil company of Africas biggest producer is bleeding money. Nigerian National Petroleum Corp., the Abuja-based behemoth that domi.........

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16 2018-05

Oil rises to $79 in London on Mideast risk from Iran to Gaza

LONDON (Bloomberg) --Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Ira.........

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