opec

Business, Fuel

Oil Climbs as OPEC Tightening Dovetails With US Supply Drop

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Crude rallied as lower OPEC production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.

Jessica Summers | Bloomberg News
December 5, 2017
Business

Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process

J. N. Stuart/Flickr;

Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.

Jessica Summers | Bloomberg News
October 13, 2017
Business, Fuel

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

A customer refuels his vehicle at a Hess Corp. gas station in Washington, D.C. Andrew Harrer/Bloomberg News

Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.

Jessica Summers | Bloomberg News
September 20, 2017
Business, Fuel

Oil Breaches $50 as Worldwide Energy Demand Outlook Brightens

Employees torque a pipe at a wedge well at Cenovus Energy's Christina Lake in situ oil production facility in Conklin, Alberta, Canada. Brent Lewin/Bloomberg News

Oil topped $50 a barrel for the first time and closed at a six-week high amid heightened optimism that a demand resurgence is in the offing.

Jessica Summers | Bloomberg News
September 14, 2017
Business, Fuel

Crude Oil Falls After Smaller-Than-Expected US Inventory Drop

Matt Nager/Bloomberg News

Oil slipped after an industry report was said to show a smaller-than-anticipated U.S. crude inventory decline.

Mark Shenk | Bloomberg News
April 19, 2017
Business, Fuel

Oil Trades at One-Week Low on Signs of Rebound in US Supplies

Luke Sharrett/Bloomberg News

Oil traded at its lowest in more than a week in New York on signs U.S. production is continuing to recover, undermining OPEC’s efforts to clear a global glut.

Grant Smith | Bloomberg News
April 18, 2017
Business, Fuel

Crude Losses Ease as Dollar Drop Offsets US Drilling Boom

Andrey Rudakov/Bloomberg News

Oil eased losses as growth in U.S. drilling was partially offset by a weaker dollar.

Mahmoud Habboush and Mark Shenk | Bloomberg News
April 17, 2017
Business, Fuel

Oil Traders Warn There's a Supply Crunch Looming

Andrey Rudakov/Bloomberg News

The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the United States, some of the top crude and products traders said.

Andy Hoffman and Agnieszka De Sousa | Bloomberg News
March 29, 2017
Business, Fuel

Oil Producers Consider Output Cut Extension as Support Grows

Andrey Rudakov/Bloomberg News

Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.

Wael Mahdi | Bloomberg News
Elena Mazneva and Sam Wilkin
March 27, 2017
Business, Fuel

Oil Trades Near $48 as Investors Await Upcoming Producer Talks

Akos Stiller/Bloomberg News

Oil was little changed before a meeting between OPEC and its allies that may signal the outlook for extending their output curbs.

Mark Shenk | Bloomberg News
March 23, 2017

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