OPEC chief joins Naimi in seeing Asia as main hub for growth Russia targets doubling oil exports to Asia-Pacific by 2035 Oil demand will soon reflect the “attractiveness” of ... Read More
Oil-field service companies feel the pinch as producers pull back Oil-field service companies are slashing costs amid an industry-rattling fall in crude prices, and no cut is too small—such ... Read More
U.S. futures slip below $48, as inventories increase more than expected Oil prices pulled back from a one-month high on Wednesday, as yet another rally fizzled on a muddled ... Read More
Crude oil held steady in Asia on Tuesday, following big gains in the previous session after Russia signaled it was prepared to discuss the global oil market with other ... Read More
Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. ... Read More
BP Plc reported the lowest quarterly profit in at least 10 years after a boom in trading faded and the conflict in Libya forced almost $600 million of writedowns. ... Read More
Central bankers unable to cut interest rates are failing to turbocharge the effect of declining oil prices. Economists at Oxford Economics Ltd., a U.K.-based research group, say policy makers ... Read More
Asian stocks followed U.S. equities higher, with the regional benchmark index extending its weekly advance, as materials and energy shares gained amid higher oil prices. The MSCI Asia Pacific ... Read More
Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day’s rally from five-year lows, as traders voiced uncertainty over whether ... Read More
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