Oil Bulls Flee
Hedge funds haven't been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost 3 years ago.



Oil Halts Slide Near $51
Oil traded near $51 a barrel on concerns record output by Saudi Arabia will exacerbate a supply glut as President Donald Trump continues to call for lower prices.



North Sea Operators Extend Subsea 7 Deal
Subsea 7 wins extension to its Diving Support Vessel initiative (DSVi) framework agreement.

Subsea 7 S.A. reported Monday that it has won from North Sea clients a three-year extension to its Diving Support Vessel initiative (DSVi) framework agreement.



(Bloomberg) -- The race to gulf coast oil rig export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie.



Saudi Responds to Trump with Record Output
Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from US President Trump.



Crude Oil Gets Cyber Monday Boost
Promising early results from Cyber Monday holiday retail sales helped crude oil futures to finish higher.

Promising early results from Cyber Monday holiday retail sales helped crude oil futures to finish higher on Monday.



(Bloomberg) -- Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.



Clair Ridge Comes Online
BP announces first oil oil rig flanges gulf coast production from the Clair Ridge project in the West of Shetland region offshore UK.



Trudeau is Said Not to Favor Crude by Rail Plan
Justin Trudeau's government is unlikely to heed Alberta's plea for new trains to alleviate the country's oil crisis, federal officials say.

(Bloomberg) -- Justin Trudeau’s government is unlikely to heed Alberta’s plea for new trains to alleviate the country’s oil crisis, federal officials say.



(Bloomberg) -- President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors.

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