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ReutersOil prices fall as US output soars above 10 million bpdReutersUntil the early 2000s, the United States was oil starved, importing a peak of 12 million bpd. But in one of the steepest rises of any oil producer in modern history, U.S. output has surge
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Irish TimesTullow Oil posts first annual profit in three yearsFinancial TimesTullow Oil posted its first annual operating profit for three years on Wednesday, as rising oil prices and higher than expected production helped boost its cash flows and reduce i
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Irish TimesTullow Oil reports surprise profit after three years in the redIrish TimesIrish explorer Tullow Oil reported on Wednesday a surprise annual operating profit after three years in the red, and said it expected first oil from Kenya in 2021 or 2022.
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ReutersOil steadies, as lower inventories offset by higher US outputReuters“The curve pays you for being long oil,” he said, adding the main issue affecting oil prices was “the efforts of supply restraint by producers that in the second half of 2017 starte
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ReutersOil steadies, with lower inventories offset by higher US outputReutersCrude inventories in the United States C-STK-T-EIA have fallen by 20 percent since hitting record highs in April 2017. The futures curve shows prompt prices for oil are above thos
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ReutersOil prices rise on report of lower US crude inventoriesReutersA group of oil producers around OPEC and Russia have been withholding supplies since last year to tighten supplies and prop up prices. The cuts are set to last through 2018. “Evidence poi
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TODAYonline11 men charged with illegal sale of marine gas oilTODAYonlineSINGAPORE — For allegedly trying to steal and sell marine gas oil worth over S$17,000, 11 Indonesian men — aged between 23 and 45 — were charged in court with criminal breach of trust
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ReutersOil rises on report of lower US crude inventories, stock market recoveryReutersA group of oil producers around OPEC and Russia have been withholding supplies since last year in order to tighten supplies and prop up prices. The cuts are set to last t
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ReutersOil dips amid rout in stocks, bonds; dollar gains - ReutersReutersOil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout th
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ReutersOil dips amid rout in stocks, bonds; dollar gainsReuters“With hedge funds still excessively long oil futures contracts, profit-taking is set to pressure prices in the near term.” One factor that has helped insulate oil to some extent against a bigge
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