After OPEC deal, Texas oil regulator boasts of victory
May 25 OPEC ministers were forced by Texas shale oil producers on Thursday to extend a supply cut into 2018, a regulator from the U.S….
Articles by Reuters
Full tanks and tankers: a stubborn oil glut despite OPEC cuts
After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels…
Saudi Arabia, Iraq agree oil output cut needs nine-month extension
OPEC heavyweights Saudi Arabia and Iraq agreed on Monday on the need to extend a global cut in oil supply by nine months in an…
Brazil markets plunge as political scandal threatens reform plans
May 18 Brazilian markets plummeted on Thursday after allegations that President Michel Temer condoned bribes to silence a witness in a corruption probe fueled bets…
Oil rises ahead of OPEC, key producers pledging cuts
Oil prices rose on Thursday in a volatile session on growing signs that key oil producers will adhere to production cuts at next week’s OPEC…
Global oil market rebalancing speeds up, inventories lag: IEA
The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still…
U.S. shale oil output to rise for sixth straight month in June
U.S. shale production is expected to rise for the sixth consecutive month in June, government data showed on Monday, as producers continued to increase drilling…
Chevron Exploring Sale of Canada Oil Sands Stake Worth About $2.5 billion
Chevron Corp (CVX.N), the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada’s Athabasca Oil Sands project, which could…
Tillerson carries Syria stance to Moscow as Trump administration speaks for West
U.S. Secretary of State Rex Tillerson carried a unified message from world powers to Moscow on Tuesday, denouncing Russian support for Syria and taking up…
Oil lower again on doubts over duration of output cut
Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an OPEC-led output cut beyond the end of June in…