Edition:
United States

Jessica Resnick-Ault

Oil slips but holds near 2019 peak as supplies tighten

Mar 21 2019

NEW YORK Oil fell nearly 1 percent on Thursday, but held near 2019 highs, supported by a tightening of global stocks, OPEC production cuts and U.S. sanctions on key producers Iran and Venezuela.

U.S. oil retreats from 2019 high on soaring production

Mar 15 2019

NEW YORK U.S. crude futures eased slightly on Friday after hitting a 2019 high, as worries about the global economy and robust U.S. production put a brake on prices.

UPDATE 10-Oil falls 2 percent as demand worries overtake supply cuts

Mar 01 2019

* U.S. manufacturing index in Feb falls to lowest since Nov 2016

Oil gains on Saudi output cuts; rally limited by U.S. output

Feb 13 2019

NEW YORK Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains.

U.S. oil output to hit new record above 13 million bpd in 2020: EIA

Feb 12 2019

NEW YORK U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.

Oil drops as global economic concerns grip market

Feb 07 2019

NEW YORK Oil fell about 2 percent on Thursday as the market was weighed down by concerns that global demand growth would lag in the coming year.

Exclusive: Delta trying to unload East Coast refinery - sources

Feb 01 2019

NEW YORK Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter.

Exclusive: Qatar, Exxon to proceed with $10 billion Texas LNG project - sources

Feb 01 2019

LONDON/NEW YORK Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.

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