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March 26-28,2025

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Industry News
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29 2017-06

Russian oil giant Rosneft websites down following cyberattack

MOSCOW, June 27 (Xinhua) -- Russias oil giants Rosneft said Tuesday that its websites were shut down following a large-scale cyberattack on its servers, but the production has not been affec.........

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28 2017-06

Rosneft finds first oil field offshore eastern Arctic

MOSCOW (Reuters) - Russias largest oil producerRosneftsaid on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydroca.........

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27 2017-06

Oil edges higher, growing U.S. supply limits gains

NEW YORK (Reuters) - Oil prices crept higher on Monday in quiet trade that featured bargain hunting after prices slid last week and hit seven-month lows, but gains were limited by rising cru.........

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26 2017-06

Running out of time to reduce stockpiles in 2017, Statoil says

NEW YORK (Bloomberg) --The oil market is running out of time for crude inventories to show a significant drop in 2017, according to Statoil ASAs chief economist. When it comes, though, the c.........

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23 2017-06

U.S. stocks end mixed amid falling oil prices

NEW YORK, June 21 (Xinhua) -- U.S. stocks closed mixed Wednesday as investors digested a sharp decline in oil prices amid upbeat economic data. The Dow fell 0.27 percent, and the SP 500 dipp.........

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21 2017-06

Oil prices retreat on oversupply concerns

NEW YORK, June 19 (Xinhua) -- Oil prices settled lower Monday as worries about a global supply glut weighed on the market. The West Texas Intermediate for July delivery decreased 0.54 U.S. d.........

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20 2017-06

Oil tankers store most oil this year as glut refuses to die

LONDON (Bloomberg) --Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OP.........

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19 2017-06

Russia's oil company discovers new oil field on shelf

MOSCOW, June 18 (Xinhua) -- Russias oil giant Rosneft said Sunday it had discovered a new oil field near the Laptev Sea, which could be the biggest on the shelf. Rosneft said in a statement .........

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16 2017-06

Oil prices plunge on spike in U.S. gasoline inventories

NEW YORK, June 14 (Xinhua) -- Oil prices held big losses on Wednesday as weekly data showed an unexpectedly increase in U.S. gasoline inventories. The West Texas Intermediate for July delive.........

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15 2017-06

Cyprus supports Lebanon in disputed oil blocks with Israel

Lebanons Energy and Water Minister Cesar Abou Khalil speaks during the thirdLebanonInternationalOiland Gas Summit in Beirut,LebanonMay 9, 2017. (Xinhua/Reuters Photo) BEIRUT, June 13 (Xinhua.........

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14 2017-06

Oil prices rebound on signs of inventory declines

NEW YORK, June 12 (Xinhua) -- Oil prices settled higher Monday on signs of U.S. stockpile declines. The West Texas Intermediate for July delivery rose 0.25 U.S. dollar to settle at 46.08 dol.........

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13 2017-06

Russia's economy recovers despite sanctions, low oil prices: central bank chief

MOSCOW, June 9 (Xinhua) -- Russias economy has recovered despite Western sanctions and low oil prices, Russian central bank governor Elvira Nabiullina said Friday. The Russian economy has be.........

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12 2017-06

Oil prices rebound as traders buy dip

NEW YORK, June 9 (Xinhua) -- Oil prices settled mildly higher Friday as investors bought the dip after previous two-days sharp declines. The West Texas Intermediate for July delivery increas.........

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09 2017-06

Oil spots of missing Myanmar military airplane found at sea: defense office

YANGON, June 8 (Xinhua) -- Some oil spots of the missing Myanmar military airplane have been found at a sea area, according to a release of the Defense Services Office on Thursday. The oil s.........

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08 2017-06

Oil prices rebound ahead of U.S. inventory data

NEW YORK, June 6 (Xinhua) -- Oil prices rallied Tuesday as investors bet that official data scheduled for release Wednesday will show a ninth straight weekly decline in U.S. crude stockpiles.........

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