RIO DE JANEIRO (Reuters) - Oil major Royal Dutch Shell Plc (L:RDSA) won half the blocks awarded in Brazil's deepwater oil auction on Friday, while rival BP (L:BP) took two blocks and Exxon Mobil Corp (N:XOM) took one out of a historic opening within the pre-salt play to foreign...
Investing.com – Oil prices settled higher on Friday buoyed by growing expectations that Opec will agree to extend output cuts beyond March 2018 following bullish comments from Saudi Arabia Crown Prince Mohammed bin Salman.
On the latest York Mercantile Exchange crude futures for December delivery rose by 2.4% to pay...
Investing.com – Gold prices pared loss to trade above break even on Friday pursuing the surge in the dollar after data showed economic growth remained robust inside third quarter pointing to underlying strength in the U.S. economy.
Gold futures for December delivery on the Comex division on the New york...
The total U.S. rig count fell by 4 to 909 following last week's decline of 15, the seventh drop in the count during the last two months, Baker Hughes says rolling around in its latest survey.
However, the oil rig count rose by 1 to 737 while gas...
(Bloomberg) -- Venezuela’s state-run oil company said hello transferred the funds for making an $842 million principal payment on its bonds due Friday, overcoming the initial of a lot of hurdles the land will face in future the way it seeks in order to avoid sinking into default.
The announcement...
(Bloomberg) -- Glencore (LON:GLEN) Plc could face renewed scrutiny of that business during the Democratic Republic of Congo after confidential information was launched inside the data breach of any major offshore attorney, in accordance with people acquainted with the issue.
The documents depend on Glencore’s buying of Katanga Mining Ltd.,...
Crude oil continues to rally, with Brent crude climbing to $60/bbl the very first time in more than 2 yrs and U.S. WTI poised to mark another six-month settlement high.
At last check, Brent +1% at $59.90/bbl and WTI +1.5% at $53.44/bbl.
Traders say today's move is driven...
LONDON (Reuters) - The fog may be cleared in advance of OPEC's next policy meeting by Saudi Arabia and Russia declaring their support for extending a major international deal to take oil supplies for an additional nine months, OPEC's secretary general told Reuters on Friday.
The Organization in the Petroleum...
LONDON (Reuters) - A $1 billion fund put together by top energy companies to curb coffee announced its first three investments on Friday and said two newbies could be poised join the scheme.
The Oil and Gas Climate Initiative (OGCI) was create not too long ago and includes Saudi Aramco...
Investing.com – Crude was motivated for weekly gains of 2% to the back of support for the extension in the production curb. Was developed morning trade, oil prices were clawing back from prior losses and breached positive territory.
The U.S. West Texas Intermediate crude December contract gained 30 cents, or...
