Fuelled by Middle East tension, the oil market has got ahead of itselfThe EconomistONLY one thing spooks the oil market as much as hot-headed despots in the Middle East, and that is hot-headed hedge-fund managers. For the second time this year, record spec …
Financial TimesNorway's $1 trillion wealth fund proposes dropping oil and gas stocksFinancial TimesNorway's trillion-dollar sovereign wealth fund has proposed dropping its investments in oil and gas stocks, warning western Europe's biggest ener …
Oil steady amid expectations of output cut extensionBNNLONDON - Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of ri …
ReutersOil steady as expected output pact extension offsets US supplyReutersLONDON (Reuters) - Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, shelteri …
ReutersOil steady, caught between OPEC cuts and rising US supplyReuters“The oil market sell-off is easing, but the bearish afterglow from yesterday's update on U.S. oil stockpiles is keeping bears in the driving seat,” PVM wrote in a note to clients, r …
ReutersOil slips, as US supply threatens to undermine OPEC cutsReutersOil prices have slipped from the two-year highs hit last week by both crude benchmarks on signs that U.S. supply is rising and could potentially undermine OPEC's efforts to tighten t …
Energy VoicePremier Oil: poised to start production at key North Sea project in DecemberFinancial TimesPremier Oil insisted it is still on track to produce first oil from a key North Sea project next month as it also assured investors that reduction of its …
QuartzAfrica's richest woman has been fired from Angola's state oil firm by the new presidentQuartzIn a shock move, the president sacked Isabel dos Santos, daughter of José Eduardo dos Santos, Lourenço's predecessor, as head of Sonangol, Angola …
ReutersOil edges up as expected extension of OPEC cuts counters rising US suppliesReuters“Oil shrugged off an unexpected rise in the U.S. crude inventory data ... Both contracts eked out small gains,” said Jeffrey Halley, senior market analyst at futures b …
ReutersOil steady as expected output curbs balance US supplyReutersGlobal oil markets are looking ahead to a meeting of the Organization of the Petroleum Exporting Countries in Vienna on Nov. 30 which is expected to decide to extend limits on crude product …