Oil trader Gunvor slumps to lowest profit in seven yearsFinancial TimesThe industry enjoyed a record-breaking boom during the oil price slump from 2014-2016, as lower crude prices and greater volatility created profitable openings to buy and store crude an …

ReutersOil slips as OPEC, Iran worries bump against US outputReutersU.S. oil production rose to a record of 10.62 million bpd, putting it ahead of Saudi Arabia, the biggest OPEC producer. Only Russia pumps more, at around 11 million bpd. U.S. drilling for …

ReutersChina's Sinopec plans to cut Saudi crude oil volumes for second month in JuneReutersSINGAPORE (Reuters) - Sinopec, Asia's largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after th …

ReutersOil prices fall on rising US crude inventories, record productionReutersSINGAPORE (Reuters) - Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by produc …

ReutersOil eases as Iran ramps up exports and US storage tanks fill upReutersTrump will decide by May 12 whether to restore U.S. sanctions on Iran, which would likely reduce its oil exports. “If Trump abandons the deal, he risks a spike in global oil price …

ReutersOil prices rise on Iran sanction worries, despite surging US suppliesReutersTrump will decide by May 12 whether to restore U.S. sanctions on Tehran, which would likely result in a reduction of its oil exports. “As May 12 Iran nuclear deadline nears …

ReutersOPEC April oil output hits year low on Venezuela slide: Reuters surveyReutersIn April, the biggest decrease in supply came from Venezuela, where the oil industry is starved of funds because of economic crisis. Output dropped to 1.50 million bpd in A …

ReutersRising US rig count knocks oil, but prices remain near 3-year highsReutersLONDON (Reuters) - Oil fell on Monday after a rising rig count in the United States suggested the shale boom is showing no signs of slowing, but prices remain near their highe …

ReutersOil slips on rising US rig count; Iran concerns limit downsideReutersSINGAPORE (Reuters) - Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over thre …

ReutersOil slips after US rig count rises; Iran concerns cap downsideReutersU.S. drillers added five oil rigs in the week to April 27, bringing the total count to 825, the highest level since March 2015, General Electric's Baker Hughes energy services …