Oil Business

Oil Business

Photo: Bloomberg/ Bartek Sadowski

Oil’s remarkable rebound from a year of catastrophe

Futures rallied to a one-year high near $60 a barrel in London last week as Chinese consumption surpasses pre-virus levels, the vaccine rollout restores confidence, and the OPEC cartel and its...

Hedge funds bet on oil's 'big comeback' after pandemic hobbles producers

Hedge funds bet on oil's 'big comeback' after pandemic hobbles producers

A combination of file photos shows the logos of five of the largest publicly traded oil companies; BP, Chevron, Exxon Mobil, Royal Dutch Shell, and Total. REUTERS/File Photo

Exxon, Chevron CEOs discussed merger in early 2020

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. Photo:Reuters

Big Oil hits brakes on search for new fossil fuels

A depot used to store pipes for TC Energy Corp's planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota, January 25, 2017. REUTERS/Terray Sylvester/File Photo/File Photo

Even without Keystone XL, US set for record Canadian oil imports

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah

Saudi Arabia beats Russia in tight race for China oil supply, US imports soar

Photo: Reuters

Oil drops 1% as rising coronavirus cases end supply-led rally

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. Photo :Reuters

Oil prices fall on renewed coronavirus concerns as China cases mount

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Photo: Reuters

Saudi cut to boost oil market de-stocking, even as demand falters

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Rosneft intends to develop large oil reserves in the northern Ural region's tundra.Ruslan Shamukov / TASS

Oil steady after US Capitol drama; tighter supplies in focus

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES

Brent oil rises to highest since February after Saudi Arabia output cut

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo:Reuters

Oil slips again as new coronavirus strain proves 'nightmare before Christmas'