The oil market is weird. Imagine two widget-makers, WidgetKing and Standard Widgets. Their product is generic as can be. Standard Widgets, however, is lucky enough to have its factory built next to a ... ... lees verder

(Reuters) - U.S. crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation’s history, the Energy Department said on Wednesday, as the ongoing boom in shale p... ... lees verder

Oil slipped in New York, approaching its lowest level in almost a month, after a surprise increase in U.S. crude inventories further allayed concerns of a looming supply crunch. Futures in New York dr... ... lees verder

Oil slipped below $68 a barrel toward its lowest level in almost a month after an industry report showed a surprise gain in American crude inventories at a time when more supply is expected from OPEC ... ... lees verder

TOKYO (Reuters) - Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures w... ... lees verder

Suddenly, diversity is in again for the oil business. Explorers with a hand in multiple fronts -- from onshore to deepwater, pumping crude to refining it -- are trading at a premium to pure-play U.S. ... ... lees verder

The oil market just performed a screeching U-turn. Since the middle of last week, Brent crude had two of its largest single-day dollar declines in years. The cause of the rout: expanding supplies from ... ... lees verder

LONDON (Reuters) - World stocks recovered some ground on Tuesday as oil prices stabilised, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell t... ... lees verder