Brent oil pared its biggest weekly increase in four months after President Donald Trump pulled back from retaliatory strikes on Iran.
(Bloomberg) -- Brent oil pared its biggest weekly increase in four months after President Donald Trump pulled back from on Iran for downing a U.S.
Both major crude oil contracts have posted healthy week-on-week gains.
One day after , West Texas Intermediate (WTI) and Brent oil futures posted more modest gains in responding to the incident.
Chevron Phillips Chemical reportedly has offered to acquire Nova Chemicals for more than $15 billion including debt.
Chevron Phillips Chemical Co. (CP Chem) has offered to acquire Nova Chemicals Corp.
WTI and Brent crude oil futures surged Thursday following the downing of a U.S. Navy drone over the Strait of Hormuz.
West Texas Intermediate (WTI) and Brent crude oil futures surged Thursday following the downing of a U.S.
After several years of gloom, oilfield services companies are now able to raise prices for their products and services, according to energy research firm Rystad Energy.
OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month.
(Bloomberg) -- OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month to assess supply and demand for crude.
Production efficiency on the UK Continental Shelf improved for the sixth consecutive year in 2018.
Production efficiency on the UK Continental Shelf (UKCS) improved for the sixth consecutive year in 2018, reaching 75 percent.
Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump's demand to keep prices down.
Oil climbed the most in a week after an industry report signaled a surprise decline in U.S. oil inventories and Russia confirmed it's reducing oil rig flanges gulf coast production in line with an agreement by OPEC and its allies.
Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.
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