Americas Energy - Markets - Business Recorder

Americas Energy

Oil markets fret over supply shock as some buyers shun Russia

LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are...

Published 08 Mar, 2022 07:35pm

Energy

Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

 As authorities in the country - which had enjoyed the world's cheapest gasoline for two decades - prepare to expand

Updated 09 Nov, 2021 12:38pm

Energy

Oil surges 5pc on US-China trade optimism, falling crude output

 US/Canadian oil &amp; gas rig count falls to record low 
 WTI posts record monthly gain of 88% 
 Brent up 40%

Published 29 May, 2020 08:00pm

Energy

Oil marketing firm Eighty-Eight oil declares force majeure

 The company declared force majeure after producers selling oil to them shut production, causing Eighty-Eight to be

Published 29 May, 2020 06:43pm

Energy

US/Canadian oil & gas rig count falls to record low

 The Canadian rig count fell by one to an all-time low of 20 this week, according to Baker Hughes. 
 That was 65

Published 29 May, 2020 06:05pm

Energy

US natural gas futures fall 3pc on big storage build, lower demand

 The US Energy Information Administration (EIA) said utilities injected 109 billion cubic feet (bcf) of gas into sto

Published 28 May, 2020 08:29pm

Energy

Fed's Kaplan sees global oil glut lasting well into 2021

 We think it will take probably until sometime in the second half of 2021, depending on economic growth, to work off

Published 28 May, 2020 08:00pm

Energy

Oil rises as higher US refinery rates offsets surprise crude build

 US crude stocks up 7.9 mln bbls, vs 1.9 mln-bbl draw forecast 
 US refinery runs rise, gasoline stocks unexpecte

Published 28 May, 2020 07:50pm

Energy

US natgas futures little changed ahead of weekly storage report

 Refinitiv slightly reduced its demand projections for the next two weeks, including exports, to 78.4 bcfd from 78.5

Published 28 May, 2020 03:05pm

Energy

US natgas futures edge up on higher cooling demand, slowing output

Analysts said they expect LNG buyers will cancel dozens of additional cargoes over the summer since US gas forwards

Published 22 May, 2020 07:00pm

Energy

US natgas futures little changed as falling output offset demand decline

Analysts expect those buyers will cancel dozens of additional cargoes over the summer since US gas forwards are tra

Published 22 May, 2020 03:35pm

Energy

US energy regulators authorize AGDC's proposed Alaska LNG project

"Today's federal authorization is a key step in determining if Alaska LNG is competitive and economically beneficia

Published 21 May, 2020 06:58pm

Energy

US natgas futures slip on weaker demand and export forecasts

The US Energy Information Administration (EIA) said utilities injected 81 billion cubic feet (bcf) of gas into stor

Published 21 May, 2020 02:56pm

Energy

US Cash Products-Chicago gasoline rises on refiner demand

Chicago CBOB gasoline gained 1.5 cents, trading 7.5 cents per gallon below gasoline futures on the New York Mercant

Published 20 May, 2020 09:28pm

Energy

US natgas futures slip 3pc as demand and exports decline

Front-month gas futures for June delivery on the New York Mercantile Exchange fell 5.9 cents, or 3.2%, to settle at

Published 20 May, 2020 08:43pm

Energy

Oil gains, stocks rally on renewed recovery hopes

Nasdaq 5% from all-time high as Amazon, Facebook hit records Recovery hopes drive higher prices in oil, equity

Published 20 May, 2020 08:26pm

Energy

Oil rises on lower US stocks, firmer demand

Brent crude futures were up 63 cents, or 1.8%, at $35.28 per barrel at 1:20 p.m. ET (1720 GMT) while July US crude

Published 20 May, 2020 07:32pm

Energy

Trump administration abruptly postpones New Mexico oil and gas auction

The parcels that were scheduled for sale are in New Mexico's southeast corner, overlaying part of the sprawling Per

Published 20 May, 2020 06:54pm

Energy

Argentina sets local crude oil price at $45 per barrel to shield domestic sector

Argentina was planning to set a higher local oil barrel price after oil demand collapsed around the world due to th

Published 19 May, 2020 01:10pm

Energy

PBF sees slow refining rebound as US gasoline demand creeps higher

The gasoline crack spread, which drifted negative in March as the coronavirus pandemic sharply cut air and road tra

Published 15 May, 2020 05:12pm

Energy

Brazil's Petrobras sees no need to reduce oil production, cites resilient overseas demand

On the same call, Downstream Chief Anelise Lara credited the firm's strong relationship with independent refineries

Published 15 May, 2020 04:13pm

Energy

Chevron says profits jump on asset sales, cuts 2020 spending plans again

Oil companies are cutting output and spending while people globally shelter at home for an indefinite period and oi

Published 01 May, 2020 12:30pm

Energy

Exxon posts quarterly loss on $3bn writedown

Oil giants have largely reported losses because of weaker margins and writedowns from an oil glut that has has sent

Published 01 May, 2020 12:28pm

Energy

US crude stocks up less than expected, gasoline inventories fall

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3.6 million barrels in the last week, EIA said. US

Published 29 Apr, 2020 03:47pm

Energy

US oil futures end in positive territory at $10.01/barrel

But WTI futures for delivery in June plunged 43 percent to $11.57 a barrel, the lowest ever since the contract was

Published 21 Apr, 2020 10:29pm

Energy

US crude oil prices at 19-year lows

Trump unveils plans to end coronavirus shutdown US drillers slash most oil rigs since Feb 2015 -Baker Hughes

Published 17 Apr, 2020 08:03pm

Energy

Mexico says US to help it make oil cuts aimed at global reduction

Lopez Obrador said Mexico, which is an OPEC ally, had been pressed to make cuts of 400,000 barrels per day (bpd), b

Published 10 Apr, 2020 08:40pm

Energy

US natgas futures rise to 4-week high on cool forecasts and slowing output

Front-month gas futures for May delivery on the New York Mercantile Exchange rose 3.7 cents, or 2.0pc, to $1.889 pe

Published 08 Apr, 2020 04:51pm

Energy

Oil prices rise on stimulus package, fuel demand sinks

US Congress near deal on $2 trillion stimulus package Vitol sees oil demand down 15 million-20 million bpd

Published 25 Mar, 2020 06:51pm

Energy

US drillers this week cut most oil rigs since April: Baker Hughes

Drillers cut 19 oil rigs in the week to March 20, the deepest weekly cut since April 2019, bringing the total count

Published 20 Mar, 2020 09:25pm

Energy

Oil selloff resumes; set for steepest weekly fall since 2008

Brent and WTI on track for fourth straight weekly falls Trump will enter Saudi-Russia price war 'at appropriat

Published 20 Mar, 2020 08:55pm

Energy

As virus destroys fuel demand, global refiners prepare run cuts

Margins for producing transportation fuels turned negative in Europe and Asia, and briefly did the same in the Unit

Published 17 Mar, 2020 08:33pm

Energy

Husky Energy posts quarterly loss on C$2.3bn in charges

The company said the impairment charges on the assets, which include its Sunrise Energy Project, were primarily rel

Published 27 Feb, 2020 01:08pm

Energy

Oil slips for 3rd day as virus fears outweigh supply cuts

Concern about the demand impact from the virus has pushed Brent down by almost $10 a barrel this year despite the s

Published 25 Feb, 2020 10:37pm

Energy

Oil retreats in face of renewed coronavirus uncertainties

China reports uptick in new coronavirus cases Japan factory activity shrinks at fastest pace since 2012 R

Published 21 Feb, 2020 02:39pm

Energy

Oil prices set for first weekly increase in six

Investors eye potential OPEC+ cuts to limit supply surplus Oil glut, stronger rouble strengthen case for Russi

Published 14 Feb, 2020 09:15pm

Commodities

Oil near flat as Russia needs time to mull more OPEC+ supply cuts

Russia says it needs time to decide on oil output cuts Oil on track for fifth consecutive week of losses

Published 07 Feb, 2020 08:23pm

Energy

Oil producer Hess boosts 2020 spending on Guyana, Bakken ramp-up

The company said its 2020, exploration and production capital and exploratory budget will be $3 billion. The p

Published 28 Jan, 2020 02:18pm

Energy

Oil drops more than 2pc, heads for weekly loss on China virus fears

China virus threatens oil demand Brent set for 6% loss this week, US crude slumps 7.5% Drop in US crude i

Published 24 Jan, 2020 08:12pm

Energy

Oil climbs after five days of losses ahead of US-China trade pact

Oil prices climbed on Tuesday after five days of declines as the United States and China prepared. In addition

Published 14 Jan, 2020 11:00pm

Energy

US LNG exports soar in 2019 but supply glut may await in 2020

LNG is seen as an alternative for Asian countries that have relied on coal-fired power plants. LNG exports have sur

Published 30 Dec, 2019 12:28pm

Energy

Oil at highest since Sept on trade hopes, US crude supplies

US West Texas Intermediate crude also gained 48 cents, to $61.59. The roughly 17-month trade war between the w

Published 26 Dec, 2019 06:48pm

Energy

Energean gets extra year to explore Montenegro's offshore oil and gas blocks

Considering that the concessionaire needed more time for additional research and that he fulfilled all obligations

Published 20 Dec, 2019 04:27pm

Energy

Oil steadies on US crude inventories fall, demand hopes

US crude stockpiles drop, products higher -EIA US-China Phase 1 trade deal should boost demand Deeper cut

Published 18 Dec, 2019 08:50pm

Energy

Oil rises further above $65 on trade hopes, supply cuts

U.S.-China Phase 1 trade deal supports prices, Fed's Kaplan says trade issues with China to go on for years OP

Published 17 Dec, 2019 07:40pm

Energy

Oil nears 3-month high as trade hopes, UK election boost sentiment

US-China agreed to roll back some tariffs, Brent/WTI hit highest since Sept. 17, WTI reaches $60/bbl. Conserva

Published 13 Dec, 2019 10:10pm

Energy

Oil rises 1pc on Trump's optimism for a deal with China

Brent crude futures rose 76 cents, or 1.2%, to $64.48 a barrel by 1 p.m. EST. West Texas Intermediate crude future

Published 12 Dec, 2019 09:10pm

Energy

US natgas futures rise ahead of storage report with colder weather coming

The decrease would cut stockpiles to 3.515 trillion cubic feet (tcf), 0.5pc below the five-year average of 3.532 t

Published 12 Dec, 2019 02:11pm

Energy

Brazil's Petrobras boosts oil production, abandons refinery plans amid upstream push

Petrobras said the firm would produce more than 2.7 million barrels of oil equivalent per day (boepd) in 2019.

Published 11 Dec, 2019 08:20pm

Energy

Exxon, Hess to export first oil from Guyana in early 2020

Consortium including both companies and China's CNOOC Ltd have so far discovered more than 6 billion barrels of rec

Published 10 Dec, 2019 09:10pm

Energy

Texas on track to complete fewer oil and gas wells in 2019

The state's oil and gas regulator has processed 8,629 well completions so far this year, marking nearly a 16% decl

Published 10 Dec, 2019 09:00pm

Energy

US natgas futures fall on less cold midday weather forecasts

The market is simply oversupplied by the massive amount of production that has been added in the past two years

Published 06 Dec, 2019 09:10pm

Energy

Oil little changed despite OPEC+ plan to deepen cuts

Oil futures were steady to slightly firmer on Thursday despite OPEC and its allies planning one of the deepest outp

Published 05 Dec, 2019 09:07pm

Energy

Oil jumps 4% on US stockpiles drop; further OPEC output cuts seen

Brent crude futures were up $2.52, or 4.1%, at $63.34 a barrel by 12:40 p.m. ET (1740 GMT). US West Texas Intermedi

Published 04 Dec, 2019 08:50pm

Energy

Oil slumps but still set for monthly hike ahead of OPEC+ meeting

OPEC and allies meet next week, Brent and WTI still set for monthly gains of about 4% China warns US of retali

Published 29 Nov, 2019 08:10pm

Energy

US natgas futures slip on small storage draw, moderating weather

The decrease cut stockpiles to 3.610 trillion cubic feet (tcf), 0.9% below the five-year average of 3.641 tcf for t

Published 27 Nov, 2019 09:10pm

Energy

Oil slips as trade worries offset Cushing drawdown

Oil prices edged lower on Monday as little progress on US-China trade negotiations kept prices pressured. Bren

Published 11 Nov, 2019 09:15pm

Energy

Oil down more than $1 a barrel on US crude build, delay in US-China trade pact

Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in US crude. Bre

Published 06 Nov, 2019 10:39pm

Energy

Oil gains 1pc as China pushes Trump for more tariff rollbacks

Oil prices rose more than 1pc on Tuesday on hopes for a US-China trade agreement. Brent crude futures rose 74

Published 05 Nov, 2019 11:05pm

Energy

Oil rises on US-China hopes and improved outlook

Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected US jobs growth.

Published 04 Nov, 2019 09:29pm

Energy

Oil rises nearly 4pc on U.S.-China trade hopes, but sets weekly decline

Oil prices rose nearly 4pc on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected econ

Published 01 Nov, 2019 09:07pm

Energy

Oil rises 2pc on hopes for US-China trade deal

US says phase one trade deal with China in good shape OPEC Oct oil output jumps on Saudi recovery - Reuters su

Published 01 Nov, 2019 03:56pm

Energy

Oil prices decline on weak Chinese data, US pipeline problems

Oil prices fell on Thursday after data showed weak factory activity in China. The front-month Brent contract f

Published 31 Oct, 2019 10:05pm

Energy

Oil falls on weak Chinese data, forecasts for US crude stocks build

Oil prices fell on Monday after four days of gains as expectations US crude stockpiles. Brent futures fell 45

Published 28 Oct, 2019 09:38pm

Energy

Oil prices edge up, on track for strong weekly gain

West Texas Intermediate (WTI) crude was up 32 cents at $56.55 and on track for a gain of nearly 5pc over the week.

Published 25 Oct, 2019 07:11pm

Energy

Oil extends gains despite weak demand outlook

Brent crude ended the session up 50 cents, or 0.8pc, at $61.67 a barrel, having risen 2.5pc on Wednesday. A lo

Published 24 Oct, 2019 08:36pm

Energy

Oil rises on surprise US crude drawdown, prospect of OPEC action

The investment bank expects Brent prices to continue trading around $60 a barrel in 2020. US crude stocks fell

Published 23 Oct, 2019 09:13pm

Energy

US natural gas little changed on moderating weather for November

Gas flows to liquefied natural gas (LNG) export plants eased to 7.1 bcfd on Tuesday from a record 7.2 bcfd on Monda

Published 23 Oct, 2019 09:09pm

Energy

Oil prices rise as OPEC mulls deeper output cuts

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC. Brent

Published 22 Oct, 2019 10:57pm

Energy

Oil prices fall 1pc as global demand concerns grow

The Organization of the Petroleum Exporting Countries, Russia and other oil producers, an alliance known as OPEC+.

Published 21 Oct, 2019 08:43pm

Energy

US natgas futures fall on record production, less cold forecasts

The amount of gas in inventory was as much as 33pc below the five-year average in March 2019. Gas production i

Published 21 Oct, 2019 07:39pm

Energy

US natgas futures ease on record production, less cold forecasts

Speculators last week cut their long positions on the NYMEX to their lowest since January 2009 after stockpiles ret

Published 21 Oct, 2019 03:10pm

Energy

Oil falls as China economic concerns outweigh rising refinery runs

Chinese economy registers slowest growth in nearly three decades China's September refinery throughput up 9.4%

Published 18 Oct, 2019 08:23pm

Energy

US natgas futures rise on forecasts for more cold, heating demand

The US Energy Information Administration will release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thu

Published 17 Oct, 2019 03:14pm

Energy

Oil rises 1% on hopes OPEC will extend supply cuts, weaker US dollar

IMF says US-China trade war will cut 2019 global growth EU sources say Brexit talks hit standstill Coming

Published 16 Oct, 2019 07:45pm

Energy

US oil output from 7 shale plays expected at 8.97mn bpd in Nov

The largest formation, the Permian Basin of Texas and New Mexico, is expected to add 63,000 bpd to 4.547 million bp

Published 15 Oct, 2019 08:20pm

Energy

US natgas futures rise on forecasts for cold weather in late October

Traders noted prices rose despite forecasts for warmer weather and lower heating use this week and next. Recen

Published 15 Oct, 2019 08:10pm

Energy

Oil falls more than 2pc on doubts around phase one of US-China trade deal

Market worries about situation along Syrian-Turkish border. Saudi Arabia reaffirms commitment to OPEC+ supply

Published 14 Oct, 2019 07:05pm

Energy

US natgas futures hold near 6-week low with storage back at normal level

The amount of gas in inventory was as much as 33pc below the five-year average in March 2019. Gas flows to LNG

Published 11 Oct, 2019 02:33pm

Energy

US natgas futures slide on forecasts for big storage injections

Refinitiv projected gas demand in the lower 48 US states would reach 82.5 billion cubic feet per day (bcfd) this we

Published 08 Oct, 2019 08:03pm

Energy

Oil slides 2.5pc as U.S. inventories build, weak economic data weighs

Oil prices fell more than 2.5pc on Wednesday after official data showed a rise in U.S. crude inventories. U.S.

Published 02 Oct, 2019 03:47pm

Energy

Oil prices slip as US economic data weakens demand outlook

Oil futures sank as weak US economic data dimmed crude's demand outlook and pressured prices. Brent crude futu

Published 01 Oct, 2019 11:25pm

Energy

U.S. natural gas futures slip to 1-month low on record output, mild weather

"People are still rattled from last week's larger-than-market-expectation storage injection and that is translating

Published 01 Oct, 2019 04:16pm

Energy

Oil soars again on Mideast tension

Oil prices shot higher Thursday on fresh supply concerns in the Middle East. Brent oil jumped nearly 1.3 perce

Published 19 Sep, 2019 09:21pm

Energy

Oil plummets 6pc as Saudi minister says supplies fully restored

"The latest news means that we will not be rushing to revise up our oil price forecast of $60 per barrel at end-201

Published 17 Sep, 2019 09:42pm

Energy

Trump takes aim at California over homeless crisis

Donald Trump hit out at California Tuesday over the handling of its homelessness crisis. An estimated 130,000

Published 17 Sep, 2019 09:14pm

Energy

Argentina offers subsidy to oil companies, provinces after fuel price freeze

To sustain the level of activity and employment and protect the consumer during this exceptional period, it is appr

Published 16 Sep, 2019 03:48pm

Energy

Trump backs plan that would boost biofuel quotas 10pc in 2020

US EPA will calculate a three-year rolling average of total biofuels gallons exempted from the mandates under its S

Published 16 Sep, 2019 01:32pm

Energy

Oil gets boost as new Saudi minister commits to output cuts

NEW YORK: Oil prices rose more than 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confi

Published 09 Sep, 2019 06:04pm

Energy

Oil jumps as Fed signals it could ‘act’ to sustain expansion

HOUSTON: Oil prices rose above $61 a barrel on Friday as the head of the US Federal Reserve said it would "act as approp

Published 06 Sep, 2019 09:40pm

Energy

Oil shippers weigh in on Enbridge's proposed overhaul of pipeline contracts

CALGARY: More than two dozen oil companies have weighed in on whether Canada's energy regulator should intervene in Enbr

Published 05 Sep, 2019 10:31pm

Energy

US natural gas futures fall from 7-week high on big storage build

US natural gas futures fell almost 2pc from a seven-week high on Thursday following the release of a bigger than expecte

Published 05 Sep, 2019 08:55pm

Energy

Oil up more than 2pc on fall in US crude stocks, trade optimism

NEW YORK: Oil prices surged more than 2pc on Thursday on a sharp decrease in US crude inventories and as hopes of progre

Published 05 Sep, 2019 08:35pm

Energy

Oil gains 1pc on drop in US crude stocks, trade optimism

NEW YORK: Oil prices rallied about 1pc on Thursday on a sharp decrease in US crude inventories and investor hopes of pro

Published 05 Sep, 2019 06:55pm

Energy

US natural gas futures rise to fresh 7-week high on warm weather in Southeast

US natural gas futures rose to a fresh seven-week high on Wednesday on forecasts for the weather to remain warmer than n

Published 04 Sep, 2019 09:11pm

Energy

Oil prices rise over 4pc on positive economic data from China

NEW YORK: Oil prices rose more than 4pc on Wednesday, boosted by a wider market pickup on positive news from China, afte

Published 04 Sep, 2019 07:29pm

Energy

Oil sinks as manufacturing reports renew global economy worries

NEW YORK: Oil prices fell on Tuesday, with US crude futures down 3pc after manufacturing data raised concerns about a we

Published 03 Sep, 2019 08:51pm

Energy

US natural gas futures rise to 7-week high on forecasts for more demand

US natural gas futures rose over 3pc to a seven-week high on Tuesday on forecasts for warmer weather and cooling demand

Published 03 Sep, 2019 07:47pm

Energy

Brazil oil production jumps 7pc to 2.77mn bpd in July

RIO DE JANEIRO: Brazilian oil production increased to 2.77 million barrels per day (bpd) on average in July, up 7pc from

Published 02 Sep, 2019 10:26pm

Energy

Oil slides as US, China add more tariffs in trade war

HOUSTON: Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force,

Published 02 Sep, 2019 08:38pm

Energy

Oil slips as US, China add more tariffs in trade war

HOUSTON: Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, rai

Published 02 Sep, 2019 04:05pm

Energy

Oil falls ahead of hurricane but posts weekly gain as US-China trade war eases

NEW YORK: Oil futures fell on Friday, with US crude down nearly 3% ahead of a hurricane near the Florida coast that coul

Published 30 Aug, 2019 10:34pm

Energy

US natural gas rises to 1-month high on storage build near expectations

US natural gas futures rose on Thursday to hit a one-month peak after a government report showed a weekly US storage bui

Published 29 Aug, 2019 08:53pm

Energy

US natural gas futures hit near one-month high on contract expiry

US natural gas futures rose on Wednesday to the highest in nearly a month on forecasts for warmer-than-normal weather th

Published 28 Aug, 2019 08:27pm

Energy

Oil prices gain nearly 2pc after drop in US crude inventories

NEW YORK: Oil prices rose nearly 2pc on Wednesday after a larger-than-expected decline in US crude stockpiles helped eas

Published 28 Aug, 2019 07:47pm

Energy

Oil strengthens in volatile trade ahead of expected US crude build

NEW YORK: Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in US crude inventories,

Published 27 Aug, 2019 08:00pm

Energy

Iran can restore oil production to pre-US sanctions level within 3 days - oil minister

GENEVA: Iran can lift its oil production back to the level it was at before US sanctions were imposed within three days,

Published 27 Aug, 2019 07:58pm

Energy

Canada's Alberta says budget deficit shrank in last quarter

CALGARY: Canada's main oil-producing province Alberta said on Tuesday the budget deficit for the three months from April

Published 27 Aug, 2019 07:52pm

Energy

Oil turns lower as stock market weakens on trade deal uncertainty

NEW YORK: Oil prices were steady to soft on Tuesday, paring earlier gains along with the stock market lower as China

Published 27 Aug, 2019 04:19pm

Energy

Oil eases as Fed's Jackson Hole meeting gets underway

NEW YORK: Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pres

Published 22 Aug, 2019 07:07pm

Energy

US natgas futures gain on storage build near expectations

US natural gas futures inched up on Thursday after a federal report showed a weekly storage build that was in line w

Published 22 Aug, 2019 04:23pm

Energy

Oil steadies as US crude stocks draw but fuel inventories

NEW YORK: Oil futures steadied on Wednesday after US government data showed a drawdown in domestic crude stocks but rise

Published 21 Aug, 2019 07:54pm

Energy

Total's Port Arthur, Texas refinery coker production cut back

Production on the coker at Total SA's 225,500 barrel-per-day oil refinery in Port Arthur, Texas, was cut back on Tuesda

Published 20 Aug, 2019 11:20pm

Energy

US natural gas futures gain for a second day on high

US natural gas futures rose for a second straight session on Tuesday as gas demand rose amid above-normal temperatures,

Published 20 Aug, 2019 09:59pm

Energy

US natgas futures hold steady on outlook for near-normal weather

US natural gas futures were little changed on Tuesday amid forecasts for near-normal temperatures going into the hom

Published 20 Aug, 2019 03:19pm

Energy

Oil rises 2pc after attack on Saudi field, stimulus expectations

NEW YORK: Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi fo

Published 19 Aug, 2019 09:57pm

Energy

Oil rises alongside equities, but downbeat OPEC outlook caps gains

NEW YORK: Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus

Published 16 Aug, 2019 10:28pm

Energy

Oil deepens slide on recession fears, China's trade threats

NEW YORK: Oil prices fell more than 1% on Thursday, extending the previous session's 3% drop, pressured by mounting

Published 15 Aug, 2019 09:02pm

Energy

Oil drops 3pc on weak global economic data, US crude stocks build

NEW YORK: Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and

Published 14 Aug, 2019 10:27pm

Energy

Oil rises on European stock draw despite demand slowdown forecast

NEW YORK: Oil prices rose more than $1 a barrel on Friday, supported by a drop in European inventories and OPEC outp

Published 09 Aug, 2019 08:10pm

Energy

Oil rises more than 2pc on firm yuan, expectations of more OPEC cuts

NEW YORK: Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, cou

Published 08 Aug, 2019 07:54pm

Energy

Petrobras delays delivery of bids for LPG unit to next week

RIO DE JANEIRO: Brazil's state-controlled oil company Petroleo Brasileiro SA has delayed until next week the delivery of

Published 08 Aug, 2019 01:07pm

Energy

Oil dives nearly 5pc to 7-month low on surprise US stock build, trade war

HOUSTON: Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses followin

Published 07 Aug, 2019 08:25pm

Energy

Cuba to defend itself in US court over ExxonMobil lawsuit

HAVANA: Cuba announced Tuesday it would defend itself in US court against oil giant ExxonMobil, which has accused two co

Published 07 Aug, 2019 11:28am

Energy

Brent oil in bear market as China-US trade tensions mount

NEW YORK: Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barre

Published 06 Aug, 2019 09:45pm

Energy

US Gulf oil output slowdown in July cuts 2019 output growth

NEW YORK: US oil output is expected to rise 1.28 million barrels per day to 12.27 million bpd this year, the US Ener

Published 06 Aug, 2019 08:25pm

Energy

Oil slightly lower as US-China trade tensions weigh

NEW YORK: Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a bar

Published 06 Aug, 2019 07:35pm

Energy

US natgas drops to new 3-year low on record output, falling LNG exports

US natural gas futures fell to a fresh 38-month low on Monday after production rose to record highs over the weekend

Published 05 Aug, 2019 09:33pm

Energy

Oil falls 2pc as trade war concerns hit demand outlook

NEW YORK: Global oil benchmark Brent futures fell more than 2% on Monday on global growth concerns after US Presiden

Published 05 Aug, 2019 08:25pm

Energy

Brazil's Petrobras starts process to sell exploration, production assets

RIO DE JANEIRO: Brazilian state-run oil company Petroleo Brasileiro, or Petrobras, said in a statement on Monday it had

Published 05 Aug, 2019 02:01pm

Energy

US crude exports rise to monthly record of 3.16mn bpd in June -US Census

NEW YORK: US crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd

Published 02 Aug, 2019 07:11pm

Energy

US shale boosts output as Exxon Mobil, Chevron report mixed results

NEW YORK: US oil giants Exxon Mobil and Chevron reported mixed results Friday, as lower oil and natural gas prices blunt

Published 02 Aug, 2019 04:07pm

Energy

Imperial Oil's quarterly profit surges on Alberta tax benefit

Canada's Imperial Oil Ltd reported a more than six-fold rise in quarterly profit on Friday, helped by a C$662 million be

Published 02 Aug, 2019 01:55pm

Energy

Exxon Mobil reports lower earnings but higher oil output

NEW YORK: Exxon Mobil reported a drop in second-quarter earnings Friday due to lower crude prices and a hit from refiner

Published 02 Aug, 2019 01:18pm

Energy

Venezuela oil exports slid 17.5pc in July as client portfolio shrank

Venezuela's oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the na

Published 01 Aug, 2019 09:11pm

Energy

Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion

Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provinci

Published 01 Aug, 2019 09:07pm

Energy

Oil slumps 7pc as Trump announces additional tariffs on Chinese imports

NEW YORK: Oil prices plummeted more than 7% on Thursday, with the US benchmark posting its worst day in more than fo

Published 01 Aug, 2019 08:37pm

Energy

US natural gas futures extend gains on warm forecasts ahead of storage report

US natural gas futures extended gains on Thursday after soaring over 4pc on Wednesday from a three-year low as meteorolo

Published 01 Aug, 2019 03:46pm

Energy

Canadian oil companies buy ads to pressure politicians ahead of election

WINNIPEG, Manitoba: Three Canadian oil producing companies are buying newspaper advertisements ahead of an autumn federa

Published 01 Aug, 2019 08:59am

Energy

Oil rises as US crude stocks fall, market awaits US Fed rate cut

NEW YORK: Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in US inventories a

Published 31 Jul, 2019 08:08pm

Energy

US crude stocks slump 8.5mn bbls in seventh straight weekly fall

US crude oil stockpiles fell for the seventh straight week, falling to their lowest levels since November even as produc

Published 31 Jul, 2019 03:26pm

Energy

Oil rises as market awaits US Fed rate cut

LONDON: Oil prices rose for a fifth day on Wednesday, supported by a drop in US inventories and investor expectations th

Published 31 Jul, 2019 01:46pm

Energy

Oil prices seen steady as demand woes mitigate supply risks

Oil prices are expected to be range-bound near current levels this year as slowing economic growth and a protracted trad

Published 31 Jul, 2019 01:45pm

Energy

Ontario Power to buy three power plants from TC Energy for $2.18bn

Ontario Power Generation Inc said on Tuesday its unit had entered a deal with affiliates of pipeline company TC Ener

Published 30 Jul, 2019 10:40pm

Energy

Oil rises on expectations of Fed rate cut, another U.S crude drawdown

NEW YORK: Oil prices rose on Tuesday, on track to close at a two-week high, on optimism the US Federal Reserve will

Published 30 Jul, 2019 07:15pm

Energy

Brazil's Emae seeks partners for $1.7bn power project

SAO PAULO: Brazilian energy company Empresa Metropolitana de Águas e Energia (Emae) is seeking partners for a $1.7 b

Published 29 Jul, 2019 09:15pm

Energy

Oil edges up on prospect of US interest rate cut

NEW YORK: Oil prices edged higher on Monday as the prospect of an expected interest rate cut by the US Federal Reser

Published 29 Jul, 2019 07:49pm

Energy

US natural gas futures slip to fresh 3-year low on rising production

US natural gas futures eased to a fresh three-year low on Monday with spot prices at their lowest in years, production r

Published 29 Jul, 2019 02:19pm

Energy

Chile's pristine Patagonia hit by oil spill

SANTIAGO: Some 40,000 litres (10,500 gallons) of oil have spilt into the sea from a terminal on a remote island in Patag

Published 28 Jul, 2019 12:14pm

Energy

Argentina's June gas production hits highest level in 11 years

BUENOS AIRES: Argentina's gas production rose to 140 million cubic meters a day in June, the highest level in 11 yea

Published 27 Jul, 2019 07:28pm

Energy

Alberta government eases oil production curtailments for September

CALGARY, ALBERTA: The government of Canada's main crude-producing province Alberta eased oil production curtailments

Published 26 Jul, 2019 09:21pm

Energy

Oil up on US economic data, Strait of Hormuz tanker dispute

NEW YORK: Oil prices inched up on Friday, on track for a weekly increase, boosted by upbeat US economic data and con

Published 26 Jul, 2019 07:57pm

Energy

Brazil's Petrobras reports 3.8pc growth in Q2 oil, gas output

SAO PAULO: Brazil's state oil firm Petroleo Brasileiro SA said on Friday total second-quarter oil and gas production was

Published 26 Jul, 2019 12:46pm

Energy

Oil climbs on Iran tensions, US inventory decline

NEW YORK: Oil prices edged higher on Thursday supported by rising tensions between the West and Iran and a big decli

Published 25 Jul, 2019 07:02pm

Energy

US natural gas futures ease on cooler forecasts for next two weeks

US natural gas futures on Wednesday eased on forecasts for cooler weather over the next two weeks than previously foreca

Published 24 Jul, 2019 01:09pm

Energy

US natural gas futures little changed despite cooler forecast, less demand

US natural gas futures traded within a few cents of unchanged on Tuesday despite forecasts for slightly cooler weather a

Published 23 Jul, 2019 04:26pm

Energy

Oil prices strengthen more than 1pc on Iran risk

NEW YORK: Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the ener

Published 22 Jul, 2019 08:59pm

Energy

US natural gas futures up from 2-wk low on forecasts for more heat next week

US natural gas futures edged up on Monday as forecasts for hotter weather next week that would boost cooling demand lift

Published 22 Jul, 2019 02:04pm

Energy

Vale Q2 iron ore output nosedives 33.8pc following Brazil dam break

SAO PAULO: Brazil's Vale SA said on Monday that its second-quarter iron ore production tumbled almost 34% from a year ag

Published 22 Jul, 2019 01:23pm

Energy

US natural gas futures hold near 2-week low with heat wave expected to break

US natural gas futures held near a two-week low on Friday on little changed forecasts calling for demand to slide over t

Published 19 Jul, 2019 08:33pm

Energy

Petrobras picks Warburg Pincus-backed Trident in oilfield re-bid

SAO PAULO: Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as th

Published 19 Jul, 2019 07:42pm

Energy

Oil steadies as Middle East tensions counter demand worries, set for weekly fall

NEW YORK: Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between

Published 19 Jul, 2019 07:29pm

Energy

Oil falls about 2.5pc as US Gulf production returns

NEW YORK: Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in US equities markets and an expectation t

Published 18 Jul, 2019 08:36pm

Energy

US natural gas futures little changed after near normal storage build

US natural gas futures were trading near flat on Thursday after paring earlier gains after the release of a government r

Published 18 Jul, 2019 06:41pm

Energy

Oil falls nearly 3pc as US Gulf production returns

NEW YORK: Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in US equities markets and an expectatio

Published 18 Jul, 2019 04:43pm

Energy

Oil prices steady after US fuel inventories build

NEW YORK: Oil prices on Wednesday steadied after plummeting more than 3pc in the previous session, but were weighed down

Published 17 Jul, 2019 08:19pm

Energy

US weekly power output falls 1.6pc vs year ago

Power production in the continental United States totaled 89,586 gigawatt hours (GWh) in the week ended July 13, down 1.

Published 17 Jul, 2019 07:25pm

Energy

Oil prices edge lower after US fuel inventories build

NEW YORK: Oil futures fell on Wednesday, extending a more than 3pc drop in prices the previous session, after US governm

Published 17 Jul, 2019 07:23pm

Energy

Oil prices fall more than 1pc after US fuel inventories build

NEW YORK: Oil futures fell more than 1pc on Wednesday, extending a more than 3pc drop in prices the previous session, af

Published 17 Jul, 2019 07:11pm

Energy

US crude oil stockpiles drop amid Barry, fuel posts large builds

NEW YORK: US crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories rose

Published 17 Jul, 2019 04:03pm

Energy

Canadian LNG plant signs Chinese supply contract

CALGARY, Alberta: A small-scale Canadian liquefied natural gas (LNG) plant has signed the country's first binding supply

Published 17 Jul, 2019 11:26am

Energy

Mexico's Pemex cannot comply with reduced sulfur content rule

MEXICO CITY: Mexican state oil company Petroleos Mexicanos, or Pemex, cannot currently comply with a new rule requiring

Published 16 Jul, 2019 09:57pm

Energy

Mexico doubles down on refinery, vows deeper Pemex tax breaks

MEXICO CITY: Mexico will recapitalize state oil company Pemex and reduce its tax burden to help build a new refinery and

Published 16 Jul, 2019 09:55pm

Energy

Oil steadies as US supply ramps up after storm

NEW YORK: Oil prices steadied on Tuesday, paring gains as US offshore crude production resumed after Hurricane Barry and

Published 16 Jul, 2019 09:06pm

Energy

Oil falls as Iran tensions seen easing

NEW YORK: Oil prices turned lower on Tuesday, falling by about $1 a barrel as US President Donald Trump said progress ha

Published 16 Jul, 2019 08:34pm

Energy

North Dakota natural gas output slips from monthly record high, flaring eases

Natural gas production in North Dakota slipped to 2.822 billion cubic feet per day (bcfd) in May from a record high of 2

Published 16 Jul, 2019 07:42pm

Energy

Oil prices slip on mixed Chinese economic data, storm impact

NEW YORK: Oil prices fell on Monday on mixed Chinese economic data and signs that the impact of a tropical storm on US G

Published 15 Jul, 2019 08:34pm

Energy

US shale oil output seen rising to 8.55 million bpd in August

NEW YORK: US oil output from seven major shale formations is expected to rise by about 49,000 barrels per day (bpd) in A

Published 15 Jul, 2019 07:21pm

Energy

Oil prices fall on fading storm impact, Chinese economic data

NEW YORK: Oil prices edged lower on Monday on signs that the impact of a tropical storm on US Gulf Coast production and

Published 15 Jul, 2019 07:15pm

Energy

Petrobras eyes exit from Brazil bourse's good governance program

RIO DE JANEIRO: Brazilian state-run oil firm Petrobras is considering an end to its participation in a program certifyin

Published 12 Jul, 2019 08:41pm

Energy

Oil rises on tropical storm disruptions, glut forecasts weigh

NEW YORK: Oil prices inched up on Friday as US Gulf of Mexico crude output was halved by disruptions caused by a tropica

Published 12 Jul, 2019 08:37pm

Energy

Oil flat as tropical storm limits output, glut forecasts weigh

NEW YORK: Oil prices were little changed on Friday as US Gulf of Mexico crude output dropped by more than half from disr

Published 12 Jul, 2019 08:36pm

Energy

Oil edges up as storm hampers US supply, glut forecasts weigh

NEW YORK: Oil futures edged up on Friday as US Gulf of Mexico crude output was halved by disruptions caused by a tropica

Published 12 Jul, 2019 08:36pm

Energy

US Gulf of Mexico crude oil production cut by 59pc by storm: US government

HOUSTON: Almost 59 percent, or 1.1 million barrels per day (bpd), of crude oil production in the US-regulated areas of t

Published 12 Jul, 2019 08:32pm

Energy

Oil edges up as storm hampers US supply, glut forecasts weigh

NEW YORK: Oil futures edged up on Friday as US Gulf of Mexico crude output was halved by disruptions caused by a tro

Published 12 Jul, 2019 05:15pm

Energy

Oil steadies on dim OPEC demand outlook, pares gains from Gulf of Mexico storm

NEW YORK: Oil prices steadied on Thursday as OPEC forecast slower demand for its crude next year, with crude futures eas

Published 11 Jul, 2019 08:34pm

Energy

US Cash Products-Chicago gasoline rises on refiner interest

NEW YORK: Chicago gasoline cash differentials gained on Wednesday as refiners actively bought in the region, market part

Published 10 Jul, 2019 09:31pm

Energy

US natural gas futures hit fresh 5-wk highs on hotter weather, lower output

US natural gas futures edged up to fresh five-week highs on Wednesday on forecasts that continued to call for the weathe

Published 10 Jul, 2019 08:50pm

Energy

US oil producers shut-in offshore output as storm forms in Gulf of Mexico

HOUSTON: US oil prices climbed nearly 2.5pc on Wednesday as major oil producers shut in production and withdrew staff fr

Published 10 Jul, 2019 08:48pm

Energy

Oil jumps 3pc on US crude stocks draw, Gulf of Mexico storm

NEW YORK: Oil prices jumped 3pc on Wednesday after US crude inventories shrank more than expected and as major producers

Published 10 Jul, 2019 07:53pm

Energy

US crude stocks fall nearly 10mn barrels

US crude oil stockpiles fell by nearly 10 million barrels last week, far more than expected, as refineries processed

Published 10 Jul, 2019 03:49pm

Energy

US oil producers shut offshore output as storm forms in Gulf of Mexico

HOUSTON: Anadarko Petroleum Corp has joined major US oil producers shutting production and withdrawing staff from of

Published 10 Jul, 2019 03:48pm

Energy

US natural gas futures rise to 5-week high on higher demand forecasts

US natural gas futures edged up to a five-week high on Tuesday on forecasts for a little hotter weather and a bit more c

Published 09 Jul, 2019 09:59pm

Energy

Oil edges up on supply cuts; trade worries limit gains

HOUSTON: Oil futures edged up on Tuesday as OPEC supply cuts and Middle East tensions kept global benchmark Brent crude

Published 09 Jul, 2019 08:29pm

Energy

US natural gas output, demand seen rising to record highs in 2019

US dry natural gas production will rise to an all-time high of 91.35 billion cubic feet per day (bcfd) in 2019 from a re

Published 09 Jul, 2019 07:21pm

Energy

US crude oil output seen rising to record high in 2019

US crude oil production will rise to an all-time high of 12.36 million barrels per day (bpd) in 2019, from a record high

Published 09 Jul, 2019 07:14pm

Energy

Oil rises on supply cuts, Mideast tensions; trade worries cap gains

HOUSTON: Oil futures rose on Tuesday as Middle East tensions and OPEC supply cuts kept global benchmark Brent crude abov

Published 09 Jul, 2019 07:05pm

Energy

Oil steadies as demand worries offset Iran's new nuclear threats

NEW YORK: Oil prices steadied on Monday as tensions over Iran's nuclear program countered concerns about whether slowing

Published 08 Jul, 2019 10:15pm

Energy

US natural gas futures hold near 5-wk high despite record output, less demand

US natural gas futures traded within a few cents of a five-week high on Monday even though production held near a record

Published 08 Jul, 2019 08:53pm

Energy

Oil rises on Iran's new nuclear threats

NEW YORK: Oil prices firmed on Monday on tensions over Iran's nuclear program but gains were capped by concerns about gl

Published 08 Jul, 2019 07:13pm

Energy

Brazil's Petrobras begins process of selling stake in onshore natural gas fields

BRASILIA: Brazil's state-owned oil giant Petrobras has started the process of selling off the so-called Tucano Sul Polo

Published 08 Jul, 2019 07:10pm

Energy

Oil prices rise on Iran tensions, OPEC output cuts

NEW YORK: Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies booste

Published 05 Jul, 2019 09:14pm

Energy

Brazil's Petrobras puts offshore gas fields, exploration bloc up for sale RIO

DE JANEIRO: Brazilian state-run oil firm Petroleo Brasileiro SA has put its Peroa and Cangoa shallow-water natural gas f

Published 05 Jul, 2019 08:25pm

Energy

US natural gas futures touch two-week high on hotter weather outlook

US natural gas futures jumped to an over two-week high on Friday as weather forecasts turned even hotter, overshadowing

Published 05 Jul, 2019 07:42pm

Energy

Brent oil rises on Iran tensions and OPEC, US crude slips

NEW YORK: Brent oil prices edged up on Friday, supported by tensions over Iran and a decision by OPEC and its allies

Published 05 Jul, 2019 04:12pm

Energy

Oil prices fall on US inventory data, concerns about demand

ALBERTA: Oil prices fell in thin trade on Thursday, weighed down by data showing a smaller-than-expected draw on US crud

Published 04 Jul, 2019 08:54pm

Energy

Oil prices climb as US equities rally, rig count drops

NEW YORK: Oil prices edged higher on Wednesday ahead of a US holiday, after falling steeply a day earlier as worries abo

Published 03 Jul, 2019 09:36pm

Energy

Mexico's Pemex quietly pursues deepwater project amid pressure for tie-ups

MEXICO CITY: Mexican state oil company Pemex is pursuing a risky Gulf of Mexico deepwater project despite vowing as rece

Published 03 Jul, 2019 07:54pm

Energy

Oil prices steady as US crude stockpiles drop less than expected

NEW YORK: Oil prices were steady on Wednesday ahead of a US holiday, after a steep fall the previous session when worrie

Published 03 Jul, 2019 07:13pm

Energy

Oil dives 3pc on demand worries even as OPEC, allies extend cuts

NEW YORK: Oil prices fell more than 3pc on Tuesday, even after OPEC and allies including Russia agreed to extend supply

Published 02 Jul, 2019 07:43pm

Energy

Oil dives 3pc on demand worries even as OPEC, allies extend cuts

NEW YORK: Oil prices fell about 3pc on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts

Published 02 Jul, 2019 07:12pm

Energy

Oil steadies on OPEC cuts, but oversupply fears persist

NEW YORK: Oil prices steadied on Monday as OPEC extended supply cuts until March 2020 during a meeting in Vienna, but pr

Published 01 Jul, 2019 07:19pm

Energy

Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings

Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude

Published 01 Jul, 2019 07:02pm

Energy

Exxon expects weak gas prices to offset gains from higher crude prices

Exxon Mobil Corp said on Monday that in the second quarter it expects higher oil prices and refining margins compare

Published 01 Jul, 2019 03:34pm

Energy

US oil output in April exceeds 12mn bpd to record monthly high -EIA

NEW YORK: US crude oil output in April rose to a fresh monthly record, surpassing 12 million barrels per day, according

Published 28 Jun, 2019 07:36pm

Energy

Petrobras to fully exit natgas distribution business in Brazil

SAO PAULO: Brazil's state-controlled oil company Petrobras will leave the natural gas distribution sector in Brazil, dis

Published 27 Jun, 2019 10:25pm

Energy

Oil edges lower ahead of G20, OPEC meeting

NEW YORK: Oil prices edged lower on Thursday, pressured by worries about whether the G20 summit will produce a breakthro

Published 27 Jun, 2019 07:14pm

Energy

Oil slips below $66 ahead of G20, OPEC meeting

LONDON: Oil fell below $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a

Published 27 Jun, 2019 01:05pm

Energy

US natgas futures little changed ahead of weekly storage report

US natural gas futures traded within a few cents of unchanged on Thursday as the market waits for direction from a f

Published 27 Jun, 2019 12:40pm

Energy

Mexico's Pemex says crude production averaged 1.68mn bpd in June

MEXICO CITY: Mexican state oil firm Pemex has produced an average of 1.68 million barrels per day (bpd) of crude oil in

Published 26 Jun, 2019 08:26pm

Energy

Oil prices rise 3pc as US crude, products stockpiles fall

NEW YORK: Oil prices rose about 3pc on Wednesday and hit their highest in about a month, buoyed by US government data th

Published 26 Jun, 2019 07:40pm

Energy

Colombia grants oil contracts for 10 blocks, one pending

BOGOTA: Colombia accepted bids from six companies for 10 oil contracts on Wednesday, after just one block received a cou

Published 26 Jun, 2019 07:17pm

Energy

US crude stocks slump nearly 13mn bbls as exports hit record high: EIA

US crude oil stocks fell by nearly 13 million barrels last week, the most in nearly three years, as exports hit a re

Published 26 Jun, 2019 03:24pm

Energy

Colombia's May crude output up 3.3pc vs year ago

BOGOTA: Crude oil production in Colombia reached an average of 894,518 barrels per day (bpd) in May, the Energy Ministry

Published 25 Jun, 2019 08:56pm

Energy

Oil prices down 1pc as demand fears rise, Mideast tensions ease

NEW YORK: Oil prices fell about 1pc on Monday as crude demand concerns resurfaced and the possibility of an imminent con

Published 24 Jun, 2019 08:18pm

Energy

Oil prices slip on demand fears, Mideast tensions ease

NEW YORK: Oil prices edged lower on Monday as crude demand concerns resurfaced and the possibility of an imminent confli

Published 24 Jun, 2019 07:18pm

Energy

Oil up on Iran tensions, stocks hover at seven-week highs

NEW YORK: Oil prices built on recent gains on Friday on fears any US military attack on Iran would disrupt flows from th

Published 21 Jun, 2019 07:30pm

Energy

Oil gains after Iran tensions, stocks at seven-week highs

NEW YORK: Oil prices built on recent gains on Friday on fears any US military attack on Iran would disrupt flows from th

Published 21 Jun, 2019 07:10pm

Energy

Pemex CFO says Mexican state firm to refinance $2.5bn in debt

LEON: Mexican national oil company Pemex plans to refinance $2.5 billion of liabilities this year while trying to revive

Published 21 Jun, 2019 07:09pm

Energy

US oil soars 10pc in week on fears of US-Iran conflict

NEW YORK: Oil futures rallied on Friday with US crude up 10% in the week and global benchmark Brent gaining 5% on fe

Published 21 Jun, 2019 03:35pm

Energy

Oil jumps 5pc on Iran tension, potential US fed rate cut

NEW YORK: Oil soared more than 5pc higher on Thursday after Iran shot down a US military drone, raising fears of a milit

Published 20 Jun, 2019 07:19pm

Energy

TSX opens higher on dovish Fed signals

Canada's main stock index opens higher on Thursday, as the US Federal Reserve signalled a likely interest rate cut t

Published 20 Jun, 2019 05:00pm

Energy

US FERC to decide on Marathon Alaska LNG import project by March 2020

The US Federal Energy Regulatory Commission (FERC) said on Wednesday it planned to make a decision by March 12, 2020

Published 19 Jun, 2019 10:26pm

Energy

Stocks gain, dollar weakens after Fed signals possible rate cuts

NEW YORK: A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmar

Published 19 Jun, 2019 10:25pm

Energy

US refiner Phillips 66 enters offshore oil export race

HOUSTON: US oil refiner Phillips 66 is proposing a deepwater crude export terminal off the US Gulf Coast, challengin

Published 19 Jun, 2019 08:14pm

Energy

US weekly power output falls 9.2pc vs. year ago

Power production in the continental United States totaled 77,184 gigawatt hours (GWh) in the week ended June 15, dow

Published 19 Jun, 2019 06:52pm

Energy

US Gulf gasoline glut sparks rare tanker voyage to Australia

NEW YORK: A gasoline cargo is set to make a rare voyage to Australia from the US Gulf Coast as swelling stockpiles h

Published 19 Jun, 2019 06:18pm

Energy

Oil prices little changed on US inventory data, hopes for trade deal

NEW YORK: Oil futures edged up on Wednesday as government data showed US crude inventories fell more than expected, whil

Published 19 Jun, 2019 03:55pm

Energy

Oil climbs 3pc on hopes US-China trade talks resume, Mideast tension

NEW YORK: Oil prices rose more than $1 a barrel on Tuesday after U.S. President Donald Trump said he would hold an e

Published 18 Jun, 2019 09:55pm

Energy

Oil climbs over $1/bbl on US-China trade deal hopes, Mideast tension

NEW YORK: Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were resuming

Published 18 Jun, 2019 08:57pm

Energy

Oil soars 4pc on hopes U.S.-China trade talks resume, Mideast tension

NEW YORK: Oil prices rose about $2 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive

Published 18 Jun, 2019 04:32pm

Energy

Oil prices slip as economic worries outweigh tanker tensions

NEW YORK: Oil prices fell on Monday after more poor Chinese economic figures fanned fears of slowed worldwide oil de

Published 17 Jun, 2019 08:24pm

Energy

US shale oil output to rise to record 8.52mn bpd in July: EIA

NEW YORK: US oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd)

Published 17 Jun, 2019 07:34pm

Energy

Petrobras confirms natural gas find in Sergipe Basin

BRASILIA: Brazilian state-run oil firm Petroleo Brasileiro SA has made natural gas discoveries in six deep-water fields

Published 17 Jun, 2019 01:49pm

Energy

Oil rises but ends week lower on demand fears despite Mideast tensions

NEW YORK: Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns

Published 14 Jun, 2019 07:28pm

Energy

Oil surges on tanker attacks; stocks rise on Fed rate cut expectations

NEW YORK: Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the US Treasury yie

Published 13 Jun, 2019 09:35pm

Energy

Canadian oil output growth forecast halved to 1.4pc annually

CALGARY: Canadian oil production will grow by 1.4% annually until 2035, the Canadian Association of Petroleum Produc

Published 13 Jun, 2019 08:26pm

Energy

US blames Iran for tanker attacks in Gulf of Oman, oil prices rise

DUBAI/WASHINGTON: Two oil tankers were attacked on Thursday and left adrift in the Gulf of Oman, driving up oil pric

Updated 13 Jun, 2019 10:38pm

Energy

Canadian oil production to reach 5.86 million bpd by 2035: industry body forecast

CALGARY: Canadian oil production will increase to 5.86 million barrels per day by 2035, the Canadian Association of Petr

Published 13 Jun, 2019 03:44pm

Energy

Canada gov't rejects effort to ease review of energy projects

CALGARY, Alberta/MONTREAL: The Canadian government has rejected an opposition bid to dilute draft legislation that w

Published 12 Jun, 2019 09:19pm

Energy

Oil tumbles on demand worries; stocks hit by trade, economic fears

NEW YORK: Oil prices slid 4% on Wednesday on higher US crude inventories and a bleaker demand outlook, while uncerta

Published 12 Jun, 2019 09:08pm

Energy

Oil prices down more than 2pc on US inventories, demand worries

NEW YORK: Oil prices fell more than 2pc on Wednesday, pressured by an unexpected rise in US crude inventories and by a w

Published 12 Jun, 2019 03:38pm

Energy

US crude stockpiles rise unexpectedly for second week- EIA

NEW YORK: US crude oil stockpiles rose unexpectedly for a second straight week, despite the highest refining rates in si

Published 12 Jun, 2019 03:35pm

Energy

OPEC nears deal to keep production curbs in place

MONTREAL: Members of the Organization of the Petroleum Exporting Countries are close to reaching an agreement on ext

Published 11 Jun, 2019 10:15pm

Energy

Oil steadies as demand concerns counter OPEC cuts

NEW YORK: Oil prices were steady on Tuesday, weighed by concerns about a global economic slowdown that could dent cr

Published 11 Jun, 2019 09:24pm

Energy

Oil falls 1pc amid US-China trade dispute, uncertainty on supply cuts

NEW YORK: Oil prices fell more than 1% on Monday as US-China trade tensions continued to threaten demand for crude a

Published 10 Jun, 2019 09:58pm

Energy

Oil dips in volatile trade amid uncertainty on supply cuts, US-China tariffs

NEW YORK: Oil prices edged lower on Monday in volatile trading as major producers Saudi Arabia and Russia had yet to

Published 10 Jun, 2019 08:13pm

Energy

Oil steady in volatile trade amid uncertainty on supply cuts, US-China tariffs

NEW YORK: Oil prices were steady in volatile trading on Monday as major producers Saudi Arabia and Russia had yet to agr

Published 10 Jun, 2019 03:54pm

Energy

Oil rises nearly 3pc as Saudi signals OPEC deal extension, stocks rally

NEW YORK: Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arab

Published 07 Jun, 2019 09:20pm

Energy

Oil rises nearly 2pc as Saudi Arabia signals OPEC deal extension

NEW YORK: Oil prices rose nearly 2% on Friday, climbing further from five-month lows hit this week, after Saudi Arab

Published 07 Jun, 2019 07:28pm

Energy

Seven companies bid for eleven contracts in Colombia oil auction

BOGOTA: Seven companies have put in bids for 11 oil exploration contracts in Colombia, the government said on Tuesda

Published 04 Jun, 2019 07:26pm

Energy

Oil falls as trade worries mount, Saudi comments limit losses

NEW YORK: Oil fell on Monday as US trade disputes with Mexico and China deepened concerns about weakening global cru

Published 03 Jun, 2019 08:33pm

Energy

Oil prices mixed on Saudi Arabia supply comments, trade fears

NEW YORK: Oil futures were little changed on Monday as Saudi Arabia comments indicating OPEC would extend supply cut

Published 03 Jun, 2019 07:50pm

Energy

Hedge funds cut bullish crude oil bets last week

NEW YORK: Hedge funds and other money managers cut their net long US crude futures and options positions in the week

Published 31 May, 2019 09:07pm

Energy

Oil falls over 3pc on fresh trade worries, posts biggest monthly drop in six months

NEW YORK: Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald

Published 31 May, 2019 07:24pm

Energy

US crude output rises 2.1pc in March to near record high

US crude oil production rose 241,000 barrels per day (bpd), or 2.1 percent, in March to 11.905 million bpd, just bel

Published 31 May, 2019 05:34pm

Energy

Trump's Mexican tariffs could hit US refiners, add to fuel costs

HOUSTON: US President Donald Trump's threats to tax Mexican imports could disrupt a long-standing cross-border energ

Published 31 May, 2019 05:26pm

Energy

Oil prices fall as trade war worries outweigh supply disruptions

NEW YORK: Oil prices fell in volatile trade on Wednesday, weighed down by equity markets as China signaled readiness

Published 29 May, 2019 08:04pm

Energy

MPLX to restart Ozark crude pipeline on Thursday after outage

NEW YORK: MPLX LP said on Wednesday that it would restart early on Thursday its 360,000 barrel-per-day (bpd) Ozark c

Published 29 May, 2019 07:19pm

Energy

US oil prices up as flooding hits Cushing hub

HOUSTON: US crude futures gained almost 1% on Tuesday after flooding throughout the Midwest constrained crude flow f

Published 28 May, 2019 07:06pm

Energy

Canadian oil producer Husky Energy cuts long-term spending to boost cash flow

Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years as it cut its planned capital spend

Published 28 May, 2019 04:22pm

Energy

Oil up more than 1pc on Mideast tensions and supply cuts

NEW YORK, LONDON: Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts

Published 27 May, 2019 07:14pm

Energy

Oil rises more than 1pc but sets biggest weekly loss of 2019

NEW YORK: Oil prices climbed more than 1% on Friday ahead of long US and UK holiday weekends, but posted the biggest

Published 24 May, 2019 09:50pm

Energy

Oil edges higher but set for biggest weekly loss of 2019

NEW YORK: Oil prices climbed 1 percent on Friday ahead of long US and UK holiday weekends, but were on track for the

Published 24 May, 2019 07:53pm

Energy

Oil plummets, on track for biggest weekly drop in 2019

NEW YORK: Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the

Published 23 May, 2019 07:14pm

Energy

Oil drops more than 2pc on US inventories build, demand worries

NEW YORK: Oil futures tumbled more than 2% on Wednesday as an unexpected build in U.S. crude stockpiles compounded i

Published 22 May, 2019 07:22pm

Energy

Oil touches multi-week highs as OPEC signals it may extend cuts

NEW YORK: Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was

Published 21 May, 2019 08:52pm

Energy

Oil steady as US-Iran tensions support prices, trade war weighs

NEW YORK: Oil futures were flat on Tuesday as the prospect of US-Iran tensions disrupting supply was offset by conce

Published 21 May, 2019 07:35pm

Energy

Oil flat as US-Iran tensions support prices, trade war weighs

NEW YORK: Oil futures held steady on Tuesday, supported by US-Iran tensions and expectations of ongoing OPEC supply cuts

Published 21 May, 2019 03:42pm

Energy

Oil touches multi-week highs as OPEC signals it may extend cuts

NEW YORK: Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was

Published 20 May, 2019 07:45pm

Energy

Shell Norco, Louisiana refinery restarts gasoline unit

HOUSTON: Royal Dutch Shell Plc restarted on Saturday the gasoline-producing unit at its 218,200 barrel per day (bpd) Nor

Published 20 May, 2019 03:37pm

Energy

Oil set for weekly gain on threat of Mideast supply disruptions

NEW YORK: Oil prices steadied on Friday, with both benchmarks on track for a weekly gain on rising concerns over potenti

Published 17 May, 2019 07:59pm

Energy

Oil slips but set for weekly gain on Mideast supply disruption fears

NEW YORK: Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over

Published 17 May, 2019 06:59pm

Energy

Oil gains 2pc as Middle East conflict intensifies

NEW YORK: Oil prices jumped 2pc on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching ai

Published 16 May, 2019 07:06pm

Energy

US crude stockpiles rise unexpectedly to highest since 2017: EIA

NEW YORK: US crude oil stockpiles rose unexpectedly last week, climbing to their highest since 2017, amid a release from

Published 15 May, 2019 07:45pm

Energy

Venezuela's crude upgraders scale back output as exports dwindle: sources

CARACAS: Venezuela's crucial oil upgraders have stopped processing heavy crude because a decline in exports due to US sa

Published 15 May, 2019 07:36pm

Energy

Oil little changed as US crude stocks build, Middle East tensions rise

NEW YORK: Oil futures were little changed on Wednesday, with prices pressured by a surprising increase in US crude inven

Published 15 May, 2019 07:28pm

Energy

US crude stocks rise unexpectedly in week

NEW YORK: US crude stocks rose unexpectedly last week, while gasoline stockpiles decreased and distillate inventorie

Published 15 May, 2019 03:58pm

Energy

Oil prices jump nearly 2pc on drone attack on Saudi Aramco facilities

NEW YORK: Oil prices rose nearly 2pc on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by

Published 14 May, 2019 07:23pm

Energy

Oil prices seesaw: rise on tanker attacks; retrace gains on trade worry

NEW YORK: Oil futures seesawed on Monday, rising early on concerns that tanker attacks in the Middle East could disrupt

Published 13 May, 2019 07:46pm

Energy

Mexico to cut Pemex tax bill, banks to refinance debt to ease woes

MEXICO CITY: The Mexican government on Monday announced measures to ease state oil firm Pemex's debt woes, including $2.

Published 13 May, 2019 07:37pm

Energy

Oil prices fall with Wall St on trade war, give back early gains

NEW YORK: Oil futures fell more than 1pc on Monday with Wall Street, as the negative turn in the US-Chinese trade talks

Published 13 May, 2019 07:04pm

Energy

Oil prices fall with Wall St. on trade war, give back early rise

NEW YORK: Oil futures fell on Monday with Wall Street, as worries about the Sino-US trade talks spooked investors wh

Published 13 May, 2019 04:53pm

Energy

US oil drillers cut rigs for third week in four: Baker Hughes

US energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude produc

Published 10 May, 2019 08:02pm

Energy

Occidental Petroleum CEO defends premium for Berkshire Hathaway investment

HOUSTON: Occidental Petroleum Corp Chief Executive Officer Vicki Hollub on Friday defended the company's deal with Berks

Published 10 May, 2019 07:30pm

Energy

Oil falls as US-China trade fears overshadow supply drop

HOUSTON: Oil prices fell on Thursday as investors worried about slower crude demand if the United States and China fail

Published 09 May, 2019 07:53pm

Energy

Mexico's Pemex says investigating pipeline explosion

MEXICO CITY: Mexican state oil company Pemex is investigating a pipeline explosion in southern Chiapas state, a company

Published 09 May, 2019 07:37pm

Energy

Chevron bows out of battle over Anadarko Petroleum

NEW YORK: Chevron said Thursday it will not raise its bid for Anadarko Petroleum, ending a battle for choice US shale as

Published 09 May, 2019 05:55pm

Energy

Oil rises after surprise fall in US crude inventories

NEW YORK: Oil futures gained on Wednesday, boosted by a surprise drawdown in US crude stockpiles, but an escalating US-C

Published 08 May, 2019 08:20pm

Energy

Petrobras executives flag production boost after lukewarm results

RIO DE JANEIRO: Oil and gas production at Petroleo Brasileiro SA is on the rise, executives said on Wednesday, telling a

Published 08 May, 2019 08:17pm

Energy

US crude stocks fall 4mn barrels as imports fall

NEW YORK: US crude oil stockpiles fell unexpectedly last week, the Energy Information Administration said on Wednesd

Published 08 May, 2019 03:32pm

Energy

EIA raises forecast for 2019, 2020 US crude output growth

NEW YORK: US crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019, to average 12.45 mi

Published 07 May, 2019 07:40pm

Energy

Oil prices fall, touch 1-month low after Trump's tariff threat

NEW YORK: Oil prices fell on Monday after US President Donald Trump said he would sharply raise tariffs on Chinese goods

Published 06 May, 2019 07:28pm

Energy

Oil up after strong economic data, but heads for weekly slump

NEW YORK: Oil prices edged up nearly 1pc on Friday, as strong US economic data boosted demand sentiment and as productio

Published 03 May, 2019 07:48pm

Energy

Oil drops nearly 3 percent on oversupply worries

NEW YORK: Oil plunged Thursday, with US crude dropping almost 3 percent as the market grappled with oversupply fears as

Published 02 May, 2019 10:18pm

Energy

OECD warns that Pemex could affect Mexican sovereign rating

MEXICO CITY: Mexican state oil firm Pemex's credit rating could be an element of risk for Mexico's sovereign rating, the

Published 02 May, 2019 07:40pm

Energy

Oil drops 3 percent on oversupply worries

NEW YORK: Oil plunged Thursday, with US crude dropping more than 3 percent as the market grappled with oversupply fears

Published 02 May, 2019 07:38pm

Energy

US authorizes exports from two LNG export projects

The US Department of Energy (DOE) on Thursday said it authorized liquefied natural gas (LNG) exports from two plants und

Published 02 May, 2019 07:29pm

Energy

Enterprise Products Partners plans new Permian crude pipeline

NEW YORK: Enterprise Products Partners LP said it has filed permits to construct another crude pipeline out of Midla

Published 02 May, 2019 03:20pm

Energy

Oil prices fall after US crude inventories swell, output jumps

NEW YORK: US prices fell more than 1pc on Wednesday after crude inventories in the United States soared more than expect

Published 01 May, 2019 07:26pm

Energy

US crude stocks soar 9.9mn bbls to highest since Sept 2017

NEW YORK: US crude stockpiles, including Gulf Coast inventories, rose last week to their highest since September 201

Published 01 May, 2019 04:21pm

Energy

Mexico's Pemex loses $1.88bn in Q1

MEXICO CITY: Mexican state oil company Pemex registered a loss of 35.7 billion pesos ($1.88 billion) in the first quarte

Published 30 Apr, 2019 08:44pm

Energy

Canada March producer prices rise on energy, petroleum

OTTAWA: Producer prices in Canada grew by 1.3 percent in March, the second consecutive month-on-month increase, on h

Published 30 Apr, 2019 01:57pm

Energy

Oil climbs, shaking off Trump calls for OPEC to offset Iran sanctions

NEW YORK: Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Fri

Published 29 Apr, 2019 10:23pm

Energy

Oil steadies after Trump presses OPEC to offset Iran sanctions

NEW YORK: Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after US

Published 29 Apr, 2019 09:44pm

Energy

US sanctions on Iran, Venezuela set up crunch for heavier oil

LONDON: Tighter US sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply

Published 29 Apr, 2019 12:20pm

Energy

Oil drops 3pc after Trump again tells OPEC to lower prices

NEW YORK: Oil prices tumbled more than 3 percent on Friday after US President Donald Trump again pressured the Organizat

Published 26 Apr, 2019 09:33pm

Energy

California-blend gasoline jumps 8 cts/gallon in L.A. market: trade

HOUSTON: Gasoline blended to meet California's strict environmental standards jumped 8 cents a gallon on Thursday in the

Published 25 Apr, 2019 07:44pm

Energy

Oil hovers near 6-mth peak as US stockpile build counters supply fears

NEW YORK: Oil prices steadied on Wednesday near six-month highs after data that showed US stockpiles rose to their highe

Published 24 Apr, 2019 08:53pm

Energy

Occidental offers $38bn for Anadarko, topping Chevron

HOUSTON: Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil c

Published 24 Apr, 2019 08:46pm

Energy

Oil hovers near 6-mth peak as high US stockpiles counter supply fears

NEW YORK: Oil prices steadied on Wednesday near six-month highs after data that showed US stockpiles rose to their highe

Published 24 Apr, 2019 07:33pm

Energy

US crude stockpiles jump on rise in imports: EIA

US crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiner

Published 24 Apr, 2019 07:26pm

Energy

Oil surges amid OPEC caution to offset Iran sanctions

NEW YORK: Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to ra

Published 23 Apr, 2019 10:06pm

Energy

Oil prices gain as US ends waivers for Iranian crude

NEW YORK: Oil prices gained Monday as the Trump administration ended waivers for countries that had been importing I

Published 22 Apr, 2019 04:42pm

Energy

Saudi Arabia will 'make up' for oil supply after new Iran sanctions

WASHINGTON: President Donald Trump said Monday US ally Saudi Arabia will help to make up easily for any shortfalls i

Published 22 Apr, 2019 04:39pm

Energy

Oil hits 2019 high on US plan to tighten squeeze on Iran

NEW YORK: Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight g

Published 22 Apr, 2019 03:33pm

Energy

Oil prices inch up on signs of tighter global supply

NEW YORK: Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a d

Published 19 Apr, 2019 09:37am

Energy

Oil prices inch up on signs of tightening global supply

NEW YORK: Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and

Published 18 Apr, 2019 09:55pm

Energy

Oil prices little changed despite Saudi export cuts, US stocks draw

NEW YORK: Oil futures held steady on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia,

Published 18 Apr, 2019 08:01pm

Energy

US oil drillers cut rigs for first week in three: Baker Hughes

U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production

Published 18 Apr, 2019 07:23pm

Energy

US crude stockpiles drop unexpectedly last week: EIA

NEW YORK: US crude oil stockpiles fell unexpectedly last week as imports dropped, while gasoline and distillate inve

Published 17 Apr, 2019 08:47pm

Energy

Oil pares gains as US fuel stocks draw less than expected

NEW YORK: Crude prices pared gains Wednesday, pulling off a 2019 high as U.S. government data showed inventories dre

Published 17 Apr, 2019 08:32pm

Energy

Oil settles lower as US inventories disappoint market

NEW YORK: Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than

Published 17 Apr, 2019 07:26pm

Energy

Brazil's Petrobras says Caixa plans to sell stake in the oil firm

SAO PAULO: Caixa Econômica Federal has informed Brazilian state-run oil firm Petroleo Brasileiro SA, known as Petrobras,

Published 17 Apr, 2019 02:28pm

Energy

Oil steadies as market focuses on supply risks

NEW YORK: Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised

Published 16 Apr, 2019 08:25pm

Energy

Oil up one percent as market focuses on supply risks

NEW YORK: Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports rais

Published 16 Apr, 2019 07:25pm

Energy

Argentina's IEASA seeks eight LNG cargoes for August - sources

LONDON: Argentine energy company Integracion Energetica Argentina (IEASA), formerly known as ENARSA, is seeking eight ca

Published 16 Apr, 2019 01:35pm

Energy

Oil rally stalls on talk of OPEC+ boosting output

NEW YORK: Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia's financ

Published 15 Apr, 2019 08:47pm

Energy

US shale output forecast to hit record 8.46 million bpd in May: EIA

NEW YORK: US crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day

Published 15 Apr, 2019 07:43pm

Energy

Oil up 1pc on tightening crude supply, upbeat economic data

NEW YORK: Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Li

Published 12 Apr, 2019 06:20pm

Energy

Mexico's proven oil reserves fall 7 percent at start of 2019

MEXICO CITY: Proven oil reserves in Mexico fell by around 7 percent at the start of 2019 compared with a year earlie

Published 12 Apr, 2019 05:26pm

Energy

US drillers add oil rigs for second week in a row

US energy firms this week increased the number of oil rigs operating for a second week in a row with crude futures u

Published 12 Apr, 2019 05:20pm

Energy

Petrobras postpones diesel price hike under pressure from Bolsonaro -source

BRASILIA/RIO DE JANEIRO: Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday it will postpone a

Published 12 Apr, 2019 01:37pm

Energy

Oil prices slip as OPEC mulls output hike, US stocks build

NEW YORK: Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian s

Published 11 Apr, 2019 10:42pm

Energy

Oil prices slip nearly 2pc as OPEC mulls output hike, US stocks build

NEW YORK: Oil prices fell nearly 2 percent on Thursday after sources said that OPEC may raise output from July if Ve

Published 11 Apr, 2019 08:42pm

Energy

US super-light oil output rise roils Texas, Oklahoma markets

NEW YORK/HOUSTON: Growing production of Texas super-light oil - and worries about its quality compared with other ty

Published 11 Apr, 2019 07:55pm

Energy

Oil rallies as US gasoline inventory draw offsets crude build

NEW YORK: Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline st

Published 10 Apr, 2019 10:28pm

Energy

Oil jumps more than 1 percent as US gasoline stock draw overshadows crude build

NEW YORK: Oil prices rallied more than 1 percent on Wednesday after U.S. data showing a deep drawdown in gasoline st

Published 10 Apr, 2019 06:56pm

Energy

US crude stockpiles surge to 17-month high; steep gasoline drawdown

NEW YORK: US crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, w

Published 10 Apr, 2019 03:33pm

Energy

Brazil's Petrobras to sell other gas pipelines in wake of TAG deal's success

SAO PAULO: State-run oil company Petroleo Brasileiro SA is preparing to sell three more gas pipelines after successfully

Published 10 Apr, 2019 01:07pm

Energy

Oil dips on global growth worry, possible output rise

NEW YORK: Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic gr

Published 09 Apr, 2019 11:24pm

Energy

Oil falls from five-month highs as Russia signals output increase

NEW YORK: Oil prices fell on Tuesday, slipping from five-month highs as Russian comments indicating a possible easin

Published 09 Apr, 2019 08:37pm

Energy

US crude exports to Europe falter as WTI-Brent spread tightens

HOUSTON: US crude cargoes bound for Europe dropped to the lowest in more than a year in March and will remain low wi

Published 09 Apr, 2019 08:01pm

Energy

Oil drops on global growth worry, possible output rise

NEW YORK: Oil prices edged lower on Tuesday, slipping off five-month highs after the International Monetary Fund cut

Published 09 Apr, 2019 07:50pm

Energy

Petrobras buys back $2.28 bn in bonds - filing

SAO PAULO: Brazil's state-run oil company Petroleo Brasileiro SA said it had bought back $2.28 billion in bonds due betw

Published 09 Apr, 2019 01:41pm

Energy

Mexico would consider opening gas stations to sell at 'fair prices'

MEXICO CITY: Mexico's President Andres Manuel Lopez Obrador said on Tuesday the government would consider creating a sma

Published 09 Apr, 2019 01:40pm

Energy

Oil hits five-month high as Libyan output threatened

NEW YORK: Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten

Published 08 Apr, 2019 08:31pm

Energy

Oil gains up to 2pc to five-month high as Libyan output threatened

NEW YORK: Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies w

Published 08 Apr, 2019 07:56pm

Energy

Brazil's Caixa picks banks to sell Petrobras stake- source

SAO PAULO: Brazilian state bank Caixa Economica Federal has hired banks to help manage the sale of its 9 billion real ($

Published 08 Apr, 2019 03:57pm

Energy

Petrobras units win auctions to operate two port areas in northern Brazil

BRASILIA: Brazil auctioned off six port areas in the northern state of Para to private operators on Friday, with subsidi

Published 05 Apr, 2019 03:53pm

Energy

Oil prices firm as Libya supply risks mount

LONDON: Oil prices reversed earlier losses on Friday as fears that an escalating conflict in Libya could disrupt oil sup

Published 05 Apr, 2019 03:52pm

Energy

Oil prices edge lower on economic concerns, but geopolitics support

LONDON: Oil prices declined on Friday, with Brent slipping from the $70 mark reached the previous day, but both main con

Published 05 Apr, 2019 02:08pm

Energy

Brent oil resumes climb, nears $70 as supply tightens

NEW YORK: Brent oil prices rose on Thursday, resuming their climb toward $70 per barrel as expectations of tight global

Published 04 Apr, 2019 04:15pm

Energy

Oil eases on US crude stock build but holds near 5-month high

NEW YORK: Oil prices edged down on Wednesday after U.S. government data showed a surprise build in crude inventories

Published 03 Apr, 2019 10:45pm

Energy

Oil prices steady despite US crude inventory build, Brent near $70 a barrel

NEW YORK: Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in

Published 03 Apr, 2019 09:09pm

Energy

US crude stocks build sharply, production hits fresh peak

NEW YORK: US crude oil stockpiles soared unexpectedly last week as imports climbed and production edged higher to a

Published 03 Apr, 2019 08:57pm

Energy

Oil prices dip but still near 5-month high after US crude storage build

NEW YORK: Oil prices edged lower on Wednesday after U.S. government data showed a surprise build in crude inventorie

Published 03 Apr, 2019 08:05pm

Energy

US crude stocks rise by 7.2 mn barrels

NEW YORK: US crude stocks rose unexpectedly last week as imports climbed, while gasoline stocks decreased and distillate

Published 03 Apr, 2019 03:16pm

Energy

Oil hits 2019 high as supply squeeze looms; Brent nears $70/bbl

NEW YORK: Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, o

Published 02 Apr, 2019 10:32pm

Energy

Oil hits 2019 high on signs of tighter supply; Brent eyes $70/bbl

NEW YORK: Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospec

Published 02 Apr, 2019 08:17pm

Energy

Oil hits 2019 high as supply squeeze looms, Brent nears $70/bbl

NEW YORK: Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospec

Published 02 Apr, 2019 07:47pm

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 15 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 15 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00