Oil prices stabilize, but supply glut concerns weigh on sentiment

Oil prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may […]

Oversupply fears cloud outlook for U.S. crude in 2019

The U.S. oil market is scrambling to adjust to a deep selloff over the last several weeks, with forward prices […]

Oil struggles to find footing after 7 percent slide as outlook darkens

Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the […]

OPEC, partners discuss oil supply cut of up to 1.4 million bpd: sources

OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day […]

Singapore arm of Vietnam’s Petrolimex seeks winding up of Brightoil Singapore unit -legal notice

The Singapore unit of Vietnamese oil trader Petrolimex has filed an application in the Singapore High Court to wind up […]

Oil falls after Trump urges OPEC not to cut supply

Oil prices fell more than 1 percent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and U.S. […]

North Dakota oil prices set to weaken further amid pipe, rail constraints

Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North […]

Oil in bear market as supply rises, demand outlook weakens

Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns […]

Norwegian oil, gas plants shut after tanker, frigate collide

An oil tanker and a Norwegian navy frigate collided off Norway’s west coast on Thursday, injuring eight people and triggering […]

PetroChina agrees 2019 annual crude supply deals with Saudi Aramco, Kuwait

Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on […]