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Oil holds gain near $70 as Saudis vow not to oversupply...

Oil held gains near $70 a barrel after Saudi Arabia signaled it won’t export oil beyond its customers’ needs, dispelling fears that it may...

Oil trades below $69 as investors weigh mixed inventories report

Oil traded below $69 a barrel as investors tried to gauge demand growth in the world’s biggest economy following conflicting data on US stockpiles. Futures...

Oil halts slide as possible stockpile drop counters supply boost

Oil arrested losses near the lowest level in more than three weeks as investors weighed the prospect of shrinking U.S. inventories against more supply...

Oil falls as Saudis are said to offer extra crude to...

Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost...

Oil falls as trade war escalates, Libya plans to resume supply

Oil fell below $74 a barrel after US President Donald Trump escalated a trade war with China, heightening fears that global economic growth could...

There are fears about an oil spike above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is...

Trump ups pressure on OPEC to boost supply as oil holds...

Oil held near three-year highs on U.S. Independence Day as tight supplies at home and abroad overshadow a Saudi pledge to boost output. President...

Oil set for weekly surge as Saudis fail to allay supply...

Oil surged this week by the most in two months as Saudi Arabia’s assurance of increased output failed to assuage concerns that disruptions from...

Oil trades near three-year high as Libya crisis tightens supply

US crude traded near the highest in 3 1/2 years as disruption at Libyan ports and a plunge in American stockpiles reinforced fears of...

Oil holds near $75 as Libyan port dispute adds to supply...

Brent crude traded near $75 a barrel as key Libyan oil ports were handed to a company rivaling the nation’s internationally recognized energy producer. The...

Oil declines as traders assess Trump tariffs and Libya outage

Oil fell to near $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC...

Energy department asked to provide clarity on planned oil import

The Energy department should provide clarity on its plan to import oil from Russia and non-members of the Organization of the Petroleum Exporting Countries...

Qatar says will not ‘fuel a war’ against Iran

Singapore -- Qatar will not be dragged into any conflict with Iran, a senior Qatari official said Sunday. Defense minister Khalid bin Mohammad al-Attiyah told...

DOE: First shipment of imported oil from non-OPEC sources to arrive...

The Department of Energy (DoE) targets to receive in June the first shipment of oil from non-members of the Organization of the Petroleum Exporting...

US oil poised for weekly loss as record output weighs on...

Oil in New York headed for a second weekly loss as U.S. output surged, pushing the American marker to near its weakest level in...

Oil drops after Saudi-Russia output revival plan rattles traders

Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures...

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

Hong Kong, China -- Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signaled they could lift output, while...

Oil slumps as Saudis and Russia say reviving output on the...

Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to...

Oil firms announce fuel price hike

Oil companies will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a...

DoE to call for fuel tax suspension when average oil prices...

The tax reform law has a mechanism that calls for the Energy department to prompt the suspension of another increase in taxes imposed on...

Oil rises as Venezuela sanctions stoke crude supply risk concern

Oil extended gains as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines...

Oil gains near $72 as world’s top economies reach trade truce

Oil advanced near $72 a barrel as an economic truce between the U.S. and China eased fears of a trade war, and before a...

Oil firms to raise fuel prices tomorrow

Oil companies will impose this week the biggest price increase for gasoline products so far this year at P1.60 per liter, with the prices...

Saudi, UAE oil ministers voice ‘concerns’ over price swings

Riyadh, Saudi Arabia -- The Saudi and Emirati energy ministers voiced concerns on Thursday over oil price fluctuations, saying they were determined to maintain...

Oil prices extend rally

London, United Kingdom -- Oil prices rallied further Thursday, reaching fresh 3.5-year highs, as US President Donald Trump's decision to tear up the Iran...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

Oil trades above $70 as market awaits Trump call on Iran...

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on...

Oil pares monthly gain as US rigs counter Iran-deal risk

Oil fell as the US oil rig count rose for a fourth week, but was still poised for a second monthly advance. Futures in New...

Oil steadies as Trump unmoved by Macron push for new Iran...

Oil steadied amid signs that French President Emmanuel Macron was struggling in his push for a new deal that might prevent further US sanctions...

Oil drops with other commodities as US softens Rusal stance

Oil fell along with other commodities after the U.S. Treasury softened its stance on sanctions that crippled a giant Russian aluminum producer and disrupted...

Oil’s rally on political risks sustained by US inventory drop

Signs of waning U.S. oil inventories are helping sustain price gains after supply threats stemming from geopolitical tensions lifted crude last week to the...

Oil steadies as OPEC signaling deal extension stokes optimism

Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a...

Oil rises after Xi’s speech on optimism US-China spat may ease

Oil advanced above $64 a barrel after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions...

Oil trades below $63 as investors assess US-China trade battle

Oil’s decline slowed after prices fell to an almost three-week low as investors continued to evaluate the potential impact of an escalating trade conflict...

Oil thwarted by trade war fears as Trump doubles down on...

Oil headed for its worst week in more than a month after U.S. President Donald Trump called for tariffs on more Chinese goods, souring...

Oil holds near $63 as crude stocks drop, trade tensions abate

Oil held near $63 a barrel after U.S. crude stockpiles declined and trade tensions between the U.S. and China showed tentative signs of easing. Futures...

Oil falls to two-week low as China retaliates in US trade...

Oil fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump, fanning...

Oil holds loss as trade war fears spread in oversupplied market

Oil held losses below $64 a barrel as the risk of a trade war between China and the US rattles a market that’s already...

Oil extends rally after US rigs decline as Iran risks persist

Oil’s rally above $65 a barrel is being propelled by a sign that American explorers have curtailed drilling activity as well as speculation that...

Oil advances as easing trade tensions counter oversupply fears

Oil traded above $65 a barrel as global trade tensions showed signs of easing, countering concerns that U.S. crude stockpiles may have resumed their...

Oil erases gains as traders shrug off rising Middle East tension

Oil fell, erasing earlier gains, as investors shrugged off concerns over geopolitical risks after Saudi Arabia intercepted ballistic missiles fired by Houthi forces in...

Oil rises toward $63 as OPEC cuts weighed against US supplies

Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus. Futures...

Oil slips as US shale fears untempered by Russian reassurance

Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to...

Oil’s near $62 as US jobs fan optimism, rig drop eases...

Signs of strength in the U.S. economy and data showing American explorers curtailed drilling activity is helping oil hold gains after its biggest jump...

Oil optimism eases as US shale fears counter demand hopes

Optimism in the oil market that lifted prices by the most in almost three weeks eased as investors assessed the outlook for consumption against...