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Oil Investors Have $490 Billion Riding on Big OPEC Decision

EghtesadOnline: After two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. They will be looking to OPEC not to dash it.
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Publish Date:28/November/2016 | 09:50

Oil Climbs as Iran, Iraq Signal Deal Hope Before Vienna Meeting

EghtesadOnline: Oil extended gains as Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet next week in Vienna.
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Publish Date:21/November/2016 | 08:03

The Very Real Risks That OPEC Won’t Cut Crude Oil Production

EghtesadOnline: OPEC says it’s close to a deal to cut oil output for the first time since 2008, a move that may halt a 2 1/2-year price slump. The actions of individual member states tell a different story.
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Publish Date:21/November/2016 | 08:02

Oil Slips as Clock Ticks on OPEC Deal Amid Rising U.S. Supply

EghtesadOnline: Oil slipped from a two-week high in New York as OPEC made another push to finalize an accord on cutting production, while rising crude inventories in the U.S. showed the global surplus remains.
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Publish Date:16/November/2016 | 11:09

Bets Are On for Oil Prices to Slump Again

EghtesadOnline: The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops.
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Publish Date:01/November/2016 | 13:14

U.S. Gasoline Jumps Most Since 2008 After Pipeline Blast

EghtesadOnline: Gasoline in New York jumped the most in almost eight years, and its premium to crude prices soared 60 percent after an explosion and fire in Alabama shut the largest fuel pipeline in the U.S., killing one person and injuring more. Traders rushed to book cargoes from Europe.
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Publish Date:01/November/2016 | 13:03

BP Profit Slides on Weaker Refining, Oil-Production Loss

EghtesadOnline: BP Plc reported a 49 percent decline in third-quarter earnings after crude prices fell, refining margins shrank and its exploration and production division posted a loss. Shares fell.
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Publish Date:01/November/2016 | 24:54

Shell Smashes Estimates as BG Acquisition Drives Up Output

EghtesadOnline: Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices. The shares rose.
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Publish Date:01/November/2016 | 24:52

Oilfield services shakeup in cards after GE-Baker Hughes deal

EghtesadOnline: General Electric Co's deal with Baker Hughes Inc to create the world's No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices .
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Publish Date:01/November/2016 | 24:03

Shell's earnings beat Exxon as oil majors adapt to low prices

EghtesadOnline: Royal Dutch/Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.
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Publish Date:01/November/2016 | 24:01

Oil falls as non-OPEC yet to pledge concrete output steps

EghtesadOnline: Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
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Publish Date:31/October/2016 | 04:29

Exxon, Chevron Hit by Low Crude Prices

EghtesadOnline: Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports Friday, but earnings rose compared with the prior two quarters.
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Publish Date:29/October/2016 | 15:52

Wall Street set to open lower as Apple drags

EghtesadOnline; U.S. stock index futures pointed to the second straight day of decline at the open, with Apple dropping on disappointing quarterly sales and oil prices pressured by lingering concerns about a glut.
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Publish Date:26/October/2016 | 13:29