Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
January 13, 2020Grant Smith
Government, Business, Fuel
The sun sets beyond an oil pumping unit at a drilling site operated by Tatneft OAO near Almetyevsk, Russia. (Andrey Rudakov/Bloomberg News)
Oil Holds Biggest Weekly Loss Since July on Easing Gulf Tension
The sun sets beyond an oil pumping unit at a drilling site operated by Tatneft OAO near Almetyevsk, Russia. (Andrey Rudakov/Bloomberg News)
Business, Fuel
Ali Mohammadi/Bloomberg News
Oil in London Set for Biggest Weekly Gain in Eight Months
Ali Mohammadi/Bloomberg News
Oil in London was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair critical facilities attacked last weekend.
September 20, 2019
Business, Fuel
Ali Mohammadi/Bloomberg News
Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply
Ali Mohammadi/Bloomberg News
Oil in New York headed for the longest weekly winning streak since November 2017 as crises from Venezuela to Libya threatened supplies, while optimism over U.S.-China trade talks buoyed the outlook for demand.
April 5, 2019
Business, Fuel
Al Seib/Los Angeles Times
Oil Nears $70 as OPEC Tightens Supply, Hopes for Trade Deal Grow
Al Seib/Los Angeles Times
Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.
April 3, 2019
Business, Fuel
Al Seib/Los Angeles Times
Oil Falls From Four-Month High on Concerns of Economic Slowdown
Al Seib/Los Angeles Times
Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand.
March 22, 2019
Government, Business, Fuel
Jim Gehrz/Minneapolis Star Tribune
OPEC Sees Weaker Demand for Its Crude as US Oil Supply Thrives
Jim Gehrz/Minneapolis Star Tribune
OPEC reduced its estimate for the amount of crude the world needs it to pump this year as U.S. production continues to thrive and the demand outlook falters.
February 12, 2019
Government, Business, Fuel
Jim Hickcox/ Flickr
US Could Soon Pump More Crude Than Saudis Can at Their Peak
Jim Hickcox/ Flickr
Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By midyear America will go one better.
January 18, 2019
Government, Fuel
Taylor Weidman/Bloomberg News
Oil Extends Longest Rally in 17 Months as Supplies Seen Tighter
Taylor Weidman/Bloomberg News
Oil extended its longest run of daily gains in 17 months on renewed efforts by the U.S. and China to reach a trade deal, and expectations the market will be tightened by OPEC’s output cuts.
January 8, 2019
Government, Fuel
Brittany Sowacke/Bloomberg News
Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts
Brittany Sowacke/Bloomberg News
Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect.
January 7, 2019
Business, Fuel
Daniel Acker/Bloomberg News
Oil Begins 2019 With Renewed Slide Amid Fears Over China Growth
Daniel Acker/Bloomberg News
Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.
January 2, 2019Pages
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