Oil falls as U.S. output climbs and energy demand concerns linger

Oil futures declined Thursday, pressured by recent data showing a weekly climb in U.S. crude production, as concerns over a slowdown in energy demand from China lingered. West Texas Intermediate crude for February delivery CLG9, -0.86% fell 70 cents, or 1.3%, to $51.61 a barrel on the New York Mercantile Exchange, a day after posting a modest gain of 0.4%. March […]

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‘Sleepwalking into catastrophe’: Extreme weather is biggest global risk in 2019

Extreme weather events pose the biggest risk to the world today and the danger that global leaders will fail to tackle the issue before it’s too late is a mounting and frightening concern, according to a report published Wednesday. The Global Risks Report 2019, published by the World Economic Forum and based on a survey or more than 1,000 experts […]

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Tullow Oil 2018 production was 90,000 boe/d

Tullow Oil PLC (TLW.LN) said Wednesday that total group net production in 2018 hit 90,000 barrels of oil equivalent a day, citing the solid performance of its operations in west Africa. The oil-and-gas company said it produced an average of 88,200 barrels of oil a day throughout the year, as well as 1,800 barrels of oil equivalent from its working […]

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Oil prices get a boost from latest sign of improving U.S.-China trade picture

Oil futures climbed higher Tuesday, recouping some of the losses suffered over back-to-back sessions as global trade relationships and other energy demand signals, especially around China and the U.S., remain a factor for markets. Just a day earlier, oil fell amid further signs of economic weakness in China. But reports Tuesday, suggesting that China was taking greater steps to shore […]

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Eni signs petroleum exploration deal in Bahrain

Eni SpA (ENI.MI) said Sunday that it signed a deal with the National Oil and Gas Authority of the Kingdom of Bahrain to pursue petroleum exploration in the offshore exploration area Block 1. Block 1 is a largely unexplored offshore area covering 2,800 square kilometers in the northern territorial waters of Bahrain, the Italian energy company said. The agreement will […]

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Oil slips as dollar firms, pausing 8-session run

Oil futures prices dipped Thursday, pausing an eight-day rally that took the U.S. benchmark to its highest in nearly four weeks. A slightly stronger U.S. dollarDXY, +0.16%  helped to push oil lower, as the firmer buck makes U.S. crude more expensive for investors using another currency. The recent advance for the energy complex was powered by continued optimism over U.S.-China […]

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OPEC oil production drops in December to a 6-month low: report

Oil production from the Organization of the Petroleum Exporting Countries fell by 630,000 barrels a day to a six-month low of 32.43 million barrels in December from a month earlier, according to an S&P Global Platts survey released Tuesday. "Stripping out Qatar, which exited OPEC at the end of the month, and Iran, Libya and Venezuela, which were granted exemption […]

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