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Investors see big oil surge, but physical markets suggest caution

Investors see big oil surge, but physical markets suggest caution

Published 15/05/2018

NEW YORK/LONDON/SINGAPORE (Reuters) - Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are [more…]

Some U.S. fund managers finally convinced oil rally is for real

Some U.S. fund managers finally convinced oil rally is for real

Published 11/05/2018

NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that [more…]

Oil prices reach highest since Nov 2014 on Venezuela, Iran worries

Oil prices reach highest since Nov 2014 on Venezuela, Iran worries

Published 07/05/2018

SINGAPORE (Reuters) - U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to [more…]

Exclusive: Conoco moves to take over Venezuelan PDVSA’s Caribbean…

Exclusive: Conoco moves to take over Venezuelan PDVSA’s Caribbean…

Published 07/05/2018

HOUSTON/CARACAS (Reuters) - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over [more…]

Iran says will not renegotiate nuclear deal, warns against changes

Iran says will not renegotiate nuclear deal, warns against changes

Published 04/05/2018

ANKARA (Reuters) - Iran’s foreign minister said on Thursday U.S. demands to change its 2015 nuclear agreement with world powers were unacceptable as a deadline [more…]

Marathon Petroleum to buy Andeavor for $23 billion

Marathon Petroleum to buy Andeavor for $23 billion

Published 30/04/2018

(Reuters) - Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion to form a company that would leapfrog [more…]

Oil slips on rising U.S. rig count- Iran concerns limit downside

Oil slips on rising U.S. rig count- Iran concerns limit downside

Published 30/04/2018

SINGAPORE (Reuters) - Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held [more…]

Oil dips as rising U.S. yields steer bulls

Oil dips as rising U.S. yields steer bulls

Published 23/04/2018

LONDON (Reuters) - Oil eased on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly [more…]

Oil recoup some Syria-related losses- focus switches to Iran

Oil recoup some Syria-related losses- focus switches to Iran

Published 16/04/2018

LONDON (Reuters) - Oil recovered some ground on Monday, but prices were still down on the day as investor concern waned about escalating tensions in [more…]

Oil prices rise on hopes U.S. trade spat with China may ease

Oil prices rise on hopes U.S. trade spat with China may ease

Published 10/04/2018

SINGAPORE (Reuters) - Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute between [more…]