Oil prices up on smaller-than-expected increase in US crude stocks By Devika Krishna Kumar NEW YORK, Feb 8 (Reuters) – Oil prices rose slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped 4 per cent after a […]
Oil prices rise on short covering, gasoline strength Read More »
Pioneer Natural quarterly loss shrinks on cost cuts, rising oil prices HOUSTON, Feb 7 (Reuters) – U.S. shale oil producer Pioneer Natural Resources Co on Tuesday posted a better-than-expected adjusted quarterly profit helped by cost cuts and rising crude prices. The results reflect the slow-but-steady improvement across the energy sector due to improving commodity prices.
Pioneer Natural quarterly loss shrinks on cost cuts, rising oil prices Read More »
Plains All American costs up 23.3 per cent Feb 6 (Reuters) – Plains All American Pipeline LP reported on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 per cent jump in costs. The company, one of the top U.S. transporters of oil and gas, said total revenue rose about 19 per
Plains All American profit nearly halves as costs jump Read More »
Statoil Q4 net operating loss of $1.9 billion vs. forecast of $2.1 billion profit By Nerijus Adomaitis and Gwladys Fouche LONDON/OSLO, Feb 7 (Reuters) – Norway’s Statoil plunged to an unexpected loss in the fourth quarter of last year, as it cut its long-term assumptions for the price of oil and took a $2.3 billion impairment
Statoil takes hit as cuts long-term oil price view Read More »
BP posts lowest annual profit in a decade By Karolin Schaps and Ron Bousso LONDON, Feb 7 (Reuters) – BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive
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Oil prices fell in Tuesday trading By Jessica Resnick-Ault NEW YORK, Feb 7 (Reuters) – Oil prices that tumbled more than 1 percent Tuesday fell further after settlement, pressured by growing crude stockpiles in the United States as evidence of a burgeoning revival in U.S. shale production could complicate efforts by OPEC and other producers to
Oil prices extend losses as gasoline weighs down prices Read More »
Saudi Aramco looks to list on more than one exchange SINGAPORE, Feb 6 (Reuters) – Singapore Exchange has held talks with Saudi Aramco on a secondary listing, two sources familiar with the matter said on Monday, after the oil and gas company suggested last week it would likely simultaneously list on more than one exchange.
Singapore Exchange holds talks with Saudi Aramco on secondary listing-sources Read More »
Hedge funds continue to add long positions, despite doubling of Brent prices in past year By John Kemp LONDON, Feb 6 (Reuters) – Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source of
Opinion: Oil becoming a crowded trade as hedge funds pile in Read More »
Oil prices down over 1 per cent By Scott DiSavino NEW YORK, Feb 6 (Reuters) – Oil fell more than 1 per cent on Monday as a stronger dollar, ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran. Brent futures were down 88 cents, or
Oil prices slip lower as dollar strength counters OPEC cuts Read More »
Phillips 66 margins also hurt by higher costs, lower volumes Feb 3 (Reuters) – U.S. independent oil refiner Phillips 66 posted a lower-than-expected quarterly profit as margins were squeezed by the narrowing gap between prices of U.S. crude and refined products. The company’s shares were down 1 per cent at $80.20 in premarket trading on
Phillips 66 Q4 profit misses on lower refining margins Read More »
