The West Texas Intermediate (WTI) and Brent crude oil benchmarks ended the day lower Tuesday.
(Bloomberg) -- Higher OPEC oil oil rig flanges gulf coast production and longer voyages are propelling shipowners back to good times.
Just a month ago, hiring a supertanker for the benchmark Middle East Gulf-to-China route cost about $18,000 a day.
(Bloomberg) -- Oil traded below $68 a barrel as traders assessed mixed supply signals from producers.
Denbury Resources Inc.
The two key crude oil benchmarks settled lower Monday amid fears of a potential supply glut.
(Bloomberg) -- A self-declared republic in Somalia asked Ethiopia to reroute its nascent oil and gas exports via a proposed new pipeline, challenging Djibouti’s long-held plans for a conduit.
Australia-based Talon Petroleum Limited announced Friday that it has entered into an agreement with Corallian Energy Limited to earn a 10 percent interest in License P2396, subject to Oil & Authority approval of the assignment.
(Bloomberg) -- Forget "Drill, baby, drill!" The world’s biggest oil companies aren’t returning to their spendthrift ways, despite crude’s recovery.
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