CNBCOil market is about to get 'ugly'CNBCIt was a rough week for the crude oil market. After months of relative price stability, with WTI oil prices pinned between $50 and $55 per barrel, the floodgates of selling opened wide, as the record amount …
Financial TimesEnergy stocks fight back after further drop in oilFinancial TimesWest Texas Intermediate crude briefly dropped below $48 per barrel earlier, pointing to further pressure on the US oil benchmark. The US oil price suffered its sharpest one-day …
New Mexico contemplates new powers for oil regulatorsArtesia Daily PressSANTA FE, N.M. (AP) — The New Mexico Legislature may restore the state's authority to impose administrative penalties of up to $10,000 per day against oil and natural gas companies …
FortuneThis Is the World's New Top Producer of Crude OilFortuneCiting figures from the Joint Organization Data Initiative, Bloomberg reports that first place now falls to Russia, which produced on average 10.49 million barrels of oil a day in December. …
ReutersOil overhang points to need for extended OPEC output cutsReutersLONDON An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer gr …
AzerNewsOil Prices Creep Lower Ahead of OPEC DataWall Street JournalOil prices edged lower Monday, with investors set to digest key numbers from the Organization of the Petroleum Exporting Countries this week that will give further clues on supply and dema …
Wall Street JournalSaudi Aramco Raises Oil Prices for Far East CustomersWall Street JournalSaudi Arabia's state-run oil company raised prices for customers in far east Asia on Thursday, a move analysts said signaled that the world's largest exporte …
Seeking AlphaSaudi Arabia Optimistic about Oil Prices in 2017Asharq Al-awsat EnglishKhobar – The Saudi Arabian budget was expected to be more clear this year concerning the announcement of oil prices rates used to calculate the budget's estimations, ye …
Financial TimesOil futures curve raises doubts over Opec rallyFinancial TimesOpec's first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday's …
BloombergOPEC's Historic Deal Won't Be Enough to Drain Oil StockpilesBloombergThe oil market will rebalance “toward the middle of next year," according to Nigeria's Minister of State for Petroleum Emmanuel Kachikwu, bringing an end to more …