ReutersIs $70 The Ceiling For Oil Prices?OilPrice.comEIA: U.S. oil production to top 11 mb/d by end of 2019. The EIA sharply revised up its forecast for U.S. oil production this year and next, predicting average output of 10.3 mb/d in 2017 (up nearly 300,0 …

Rig Count Shoots Up As Oil Nears $70OilPrice.comThe number of active oil and gas rigs rose this week, according to Baker Hughes data, increasing by 15 total rigs, bringing the total rigs to 939, which is an addition of 280 rigs year over year. The number o …

BloombergLegendary Oil Tycoon T. Boone Pickens Shuts Main FundBloombergLegendary oil tycoon T. Boone Pickens is closing his hedge fund, saying trading in oil has lost its luster. Instead, the onetime Texas oil wildcatter wrote in a LinkedIn post that he wa …

Mongabay.comIndonesian parliament pushes for passage of palm oil legislation this yearMongabay.comJAKARTA — Lawmakers in Indonesia are adamant about passing new legislation on the palm oil industry this year, amid concerns from activists and even the execu …

RPT-COLUMN-Hedge funds build record long position in heating oil and diesel: KempReutersLONDON, Jan 8 (Reuters) - Hedge funds have built record bullish positions in the middle distillates used as heating oil and diesel fuel – even as they become more cauti …

BBC NewsJobs at risk at engineering firm Doosan BabcockBBC NewsAn estimated 60 jobs could be lost at an engineering firm in Scotland as part of a reorganisation programme. Doosan Babcock said 120 jobs across the UK were at risk as a result of "extreme …

BloombergOil Steadies Above $61 Following Pullback in US DrillingBloombergVenezuela in the coming days will issue 100 million units of an oil-backed cryptocurrency known as the petro, which will be worth the price of one barrel in the country's oil bas …

Manila BulletinJapan to start detailed engineering design for PNR Clark North Phase 2Business MirrorCLARK FREEPORT—The detailed engineering design for the second phase of the Philippine National Railways (PNR) Clark North Project from Malolos City in Bulac …

New York TimesCollision Near China Leaves Iranian Oil Tanker in FlamesNew York TimesHONG KONG — Rescuers were searching Monday for crewmen missing from an Iranian oil tanker that had collided with another ship off China's coast, leaving the tanker in f …

BloombergOil Trades Over $61 as US Rig Count Drop Spurs Supply OptimismBloombergOil traded above $61 a barrel as signs of slowing U.S. drilling added to optimism that the global crude surplus is abating. Futures were little changed in New York following a …