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…
Articles by Reuters
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…
White House seeks to cut EPA budget 31 percent as Trump targets regulation
President Donald Trump’s administration is proposing a 31 percent cut to the Environmental Protection Agency’s budget, eliminating its climate change programs and trimming back core…
U.S. Shale Oil Output to Soar in April, Permian to Hit Fresh Record
U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America’s fastest growing shale…