The oil price benchmarks on the New York and London markets fell by more than $1/bbl on May 1 on a strengthening US dollar. Oil sells on most world markets in US dollars, so a rising dollar makes oil more expensive for buyers starting with other currencies.
Rosneft PJSC plans to start a $2B share buyback this year.
How might the offshore oil and gas industry summarize its relationship with US federal regulators?
ETP files to restart its Sunoco Mariner East 1 natural gas liquids pipeline.
Iraq’s crude oil exports from its southern ports averaged 3.340 million barrels per day in April.
Noble Energy’s 1Q profit topped analysts’ estimates.
Oil falls the most in more than 3 weeks as traders anticipate another rise in US storage, while a stronger dollar takes the shine off commodities.
In West Texas, rising oil prices are fueling a sharp economic upswing.
Iran’s crude exporters had a banner April, with shipments soaring to a record right before the possible re-imposition of U.S. sanctions on their oil sales.
Shareholders react positively to the highest profit in years even as the continuing burden of oil-spill payments push debt higher.