Oil prices tick up amid mixed signals from U.S. data
LONDON (Reuters) – Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to …
Tag: Oil
Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway
NEW YORK/MEXICO CITY (Reuters) – Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to …
Asian stocks, oil sell off on second wave fears
SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors …
Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
CARACAS/MEXICO CITY(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. …
ConcoPhillips CEO says surprised by swift recovery in oil prices
FILE PHOTO: ConocoPhillips CEO Ryan Lance attends Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai (Reuters) – ConocoPhillips (COP.N) Chief Executive …
Oil drops after U.S. inventory build renews oversupply concerns
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford TOKYO (Reuters) – Oil prices fell …
Oil rises as production curbs face renewed demand fears
NEW YORK (Reuters) – Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases. FILE …
Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand
MELBOURNE/SINGAPORE (Reuters) – Oil prices rose on Tuesday, boosted by hopes for a swift recovery in fuel demand as coronavirus lockdown measures are eased across the globe, but gains were …
Exclusive: U.S. weighs blacklisting dozens more oil tankers over Venezuela – officials
LONDON/NEW YORK/WASHINGTON (Reuters) – The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest …
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) – Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and …