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United States

Laila Kearney

Oil falls on mounting COVID-19 cases, supply concerns

Sep 25 2020

NEW YORK Oil edged lower on Friday, falling more than 2% on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks.

Oil up more than 4% as U.S. stockpiles fall, hurricane hits output

Sep 16 2020

NEW YORK Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.

North Dakota oil output rose about 20% in July

Sep 15 2020

Sept 15 North Dakota oil production jumped to more than 1 million barrels a day in July for the first time in two months but remained below its peak as the coronavirus pandemic continued to hamper output in the state's Bakken shale field, a state official said on Tuesday.

Oil industry paints grimmer picture of pandemic's harm to demand

Sep 15 2020

SINGAPORE/LONDON/NEW YORK Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.

WRAPUP 2-Oil industry paints grimmer picture of pandemic's harm to demand

Sep 14 2020

* 2021 to see similar drawdowns in global oil inventory as in 2020 (Recasts throughout, adds background, details on fuel demand, prices, new quotes)

Inland U.S. oil refinery closures a benefit to Magellan refined product systems: company CEO

Sep 09 2020

NEW YORK The closure of some U.S. oil refineries will have a net benefit to Magellan Midstream Partners LP's refined products pipeline systems, the company's chief executive officer said on Wednesday.

Oil dips as prices struggle to break through demand uncertainty

Aug 31 2020

NEW YORK Oil prices dropped on Monday, with Brent slipping from a five-month high as global demand remained below pre-COVID levels while U.S. production edged up.

World News