Business, Fuel

Oil Declines as OPEC’s Supply Is Seen at Highest Level This Year

Oil declined after tanker-tracker Petro-Logistics SA said OPEC’s supply in July will be the highest this year.

Angelina Rascouet | Bloomberg News
July 21, 2017
Business, Fuel

Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action

The world should get used to oil prices between $50 and $60 a barrel as falling costs in America’s shale fields counteract OPEC’s renewed commitment to supply management.

Javier Blas | Bloomberg News
,
Grant Smith | Bloomberg News
,
Angelina Rascouet | Bloomberg News
October 18, 2016
Business, Fuel

BP Says Technology Can Keep Oil and Gas Abundant, Affordable

Technology can be used to increase the world’s proven oil and gas reserves by two-thirds — almost double the amount needed to meet demand through 2050 — keeping energy supplies plentiful and affordable, according to BP.

Angelina Rascouet | Bloomberg News
November 3, 2015