LONDON - Crude oil production data published by the state of North Dakota on Friday contained something for both bulls and bears.
Bears can point to the unexpected resilience of shale production in the face of lower oil prices while bulls can point to the fact that production is no longer growing after five years of tremendous gains.
BANGKOK - PTT PCL has signed a franchise deal with U.S.-based fast food chain Texas Chicken as Thailand's largest energy firm tries to boost its revenue from non-oil businesses amid weak crude oil prices.
LONDON - Crude oil rose more than $1 to above $58 on Thursday as supportive economic data from Germany and gasoline demand lifted prices.
Brent crude oil is still down about 8 percent this month, however, thanks to worries about the Greek economy, growing U.S. oil stocks and advancing talks between Iran and world powers that could lead to sanctions relief for its oil exports.
Christopher Johnson and Libby George
July 09, 2015
LONDON - Commodity prices tumbled on Monday after Greece voted against conditions for a bailout package and top consumer China unleashed emergency measures aimed at halting the sharp slide in its stock market.
BARCELONA - Drainage of peatlands to cultivate oil palm in Malaysia's Rajang Delta is causing land subsidence that will bring large-scale floods in coming decades, making the land unusable, a problem also expected to affect Indonesia, researchers warned.
U.S. oil drilling this week increased for the first time after 29 weeks of declines, data showed on Thursday, the strongest sign yet that higher crude prices are coaxing producers back to the well pad.
LONDON - Oil prices edged higher on Thursday as the U.S. dollar slipped following weaker-than-expected U.S. non-farm payrolls data.
Poll indications that Greek citizens were expected to back a cash-for-reforms deal in a referendum on Sunday added to the bullish momentum, traders said.
CALGARY, Alberta - TransCanada Corp said on Tuesday that tightening climate-change rules from the governments of Canada and the province of Alberta help justify the construction of the controversial Keystone XL pipeline project.
CALGARY, Alberta - Oil-rich Alberta will raise the cost of greenhouse-gas emissions for large industrial plants and boost targets for emission cuts as its new government took action on Thursday to strengthen the Canadian province's environmental reputation.
SINGAPORE - U.S. crude futures slipped towards $60 a barrel in early Asian trade on Thursday after a larger than expected draw in U.S. crude stocks was offset by a higher than forecast jump in refined product inventories.
SEOUL - Oil prices slipped on Thursday after U.S. government data showed that gasoline stocks and distillate inventories rose last week, although falls were checked by continuing Middle East geopolitical tensions.
WEATHERFORD, Texas - Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S. drilling.
LONDON - Oil prices fell on Monday as the Greek debt crisis boosted the dollar, making fuel more expensive to holders of other currencies, and as UN talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war.
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