London Brent crude for November delivery was down 15 cents at $47.48 a barrel by 7.22 p.m. ET, after settling up 80 cents at $47.63 on Monday. The global benchmark on Monday hit a near one-week high of
Today ExxonMobil announced a big find at its new well offshore Guyana, called Liza-2. It builds on the success of 2015’s Liza-1. At Exxon’s recent annual meeting, CEO Rex Tillerson declared that first
British Prime Minister Theresa May has called on Argentina to run more flights to the Falkland Islands and lift restrictions imposed by Buenos Aires on oil exploration in the region. It is May’s first
The Alpine High discovery, confirmed after two years of testing, could contain three billion barrels of oil and 75 trillion cubic feet of rich gas, a company press release said. "Today's announcement the
A report earlier this year from IHS that the volume of oil discoveries last year was the lowest in decades has raised concern for future production levels as well as causing glee amongst the largely discredited
REUTERS - Oil analysts have cut their price forecasts for the first time since February, as the prospect of the world’s largest producers agreeing to freeze output dims and U.S. production shows signs
As recently as a week ago the prospects for a deal looked slim. But the favorable comments from several OPEC nations may have cracked open the door to deal just a bit. Earlier this week Iraq's Prime Minister
NEW YORK (Reuters) - Global benchmark Brent crude fell almost 1 percent on Tuesday as hopes waned for an agreement between two of the biggest oil producers to freeze output to tackle a global supply glut.