North Sea oil

OPEC Races to Salvage Oil Deal After Iran and Saudi Clash

OPEC officials meeting in Vienna raced to salvage an oil-production deal on Wednesday after Iran said it was likely to reject any agreement that …

Oil

U.S. crude stockpiles slump, fuel builds amid record high refinery runs - EIA

(Reuters) - U.S. crude oil stockpiles dropped sharply last week while gasoline and distillate inventories grew as refineries' crude runs rose to their highest on record seasonally, the Energy Information Administration said on Wednesday.<p>Crude inventories fell by 5.9 million barrels in the week to …

Oil

Could China turn to Iran oil? Former Exxon president weighs in

President Trump is embroiled in several simmering trade disputes, but perhaps most concerning to investors are the tensions between the U.S. and China: Most recently, in retaliation to a slew of tariffs imposed by the White House last week, Beijing slapped tariffs on American oil.<p>While U.S. oil …

Oil

Oil Falls as U.S.-China Dispute Threatens Trade

Brent crude and West Texas Intermediate futures both trade lower<p>Oil prices dropped Tuesday as trade tensions and expectations of growing production threatened to upset the global supply-and-demand balance.<p>West Texas Intermediate futures fell 1.2% to $65.07 a barrel at the New York Mercantile …

Oil

U.S. crude settles higher as stockpiles jump by most since January

U.S. crude oil futures settled higher after government data showed the biggest weekly decline in U.S. crude supplies since January; July WTI crude …

Oil

Brent crude near $75 as pre-OPEC meeting tensions persist

Image 1of/1<p>Caption<p>Close<p>Brent crude traded near $75 a barrel as friction endures between Saudi Arabia and Iran over whether OPEC should agree to pump …

Oil

India Seeks `Responsible' OPEC Decision as Vienna Tensions Mount

India, the world’s third-largest oil consumer, expects a “responsible” approach from its suppliers as speculation mounts over whether OPEC and its …

Oil

Global markets steady as positive sentiment kept in check

LONDON (AP) — Global stock markets traded in narrow ranges Monday with positive sentiment weighed down by jitters over developments in Spain's Catalonia region, tensions over North Korea and mixed U.S. jobs data.<p>KEEPING SCORE: In Europe, Germany's DAX was unchanged at 12,960 while France's CAC-4 …

Stock Markets

US crude rises 1.8%, settling at $66.22, after volatile session ahead of OPEC meeting

Oil prices seesawed on Wednesday as the market awaited a meeting of OPEC exporters that may increase global production and weekly data on U.S. crude …

Oil

FTSE 100 leaps 1%, as commodity shares lift index off 6-week low

U.K. stocks jumped Tuesday, with gains for oil shares helping London’s blue-chip index bounce off a six-week low that it reached as trade tensions …

Stock Markets

Five Things You Need to Know to Start Your Day

<i>Want to receive this post in your inbox every morning? Sign up here</i><p>Trade tensions threaten U.S. and China growth, Iran takes a hard line on oil …

Angela Merkel

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

The Tuesday Market Minute<p>Global stocks plunge as US/China trade was escalates following latest Trump tariff threat.<br>• President vows to target an …

Stock Markets

Three Permian Oil Stocks Ready to Rebound

By<p>Updated June 20, 2018 10:15 a.m. ET<p>While energy has had an impressive rebound since its poor start to the year, not all stocks have enjoyed the …

Business

CANADA STOCKS - TSX rises 0.64 pct, helped by energy

© Reuters. CANADA STOCKS - TSX rises 0.64 pct, helped by energy<p>NEW YORK, June 20 (Reuters) -<p>* The Toronto Stock Exchange's S&P/TSX .GSPTSE rose …

Business (Canada)

Asian stocks set for subdued open after Nasdaq notches record close; trade concerns simmer

Asian stocks were set for a muted open on Thursday as global markets calmed after an elevation in trade tensions between the U.S. and China triggered …

Stock Markets

World stocks up as worries ease over Britain's EU leave vote

SEOUL, South Korea (AP) — Global stocks rose sharply Wednesday as worries eased about the uncertainty that follows Britain's vote to leave the European Union. The British pound also rose as talks got underway among European leaders on how to handle the situation.<p>Britain's benchmark stock index, the …

Stock Markets

Shell sells stakes in Norwegian offshore projects for $556 million

Image 1of/1<p>Caption<p>Close<p>Royal Dutch Shell said Wednesday it is selling its stakes in two North Sea oilfield projects offshore of Norway for $556 …

Oil & Gas Industry

Total's North Sea oilfield workers hold strike ballot

© Reuters. FILE PHOTO: A flag bearing the logo of French oil giant Total<p>By Julia Payne<p>LONDON (Reuters) - Britain's biggest labour union is balloting …

North Sea

OPEC Is Caught Between a Shale Rock and a Hard Decision—Energy Journal

By<p>Neanda Salvaterra<p><i>A daily digest of The Wall Street Journal’s coverage of energy companies, commodity markets and the forces that shape them.</i> <i><br>Send us tips, suggestions and complaints: EnergyJournal@wsj.com</i><p>IRAN’S OIL MINISTER PUSHES BACK AGAINST THE U.S.<p>Iran’s oil minister arrived in Austria, ahead …

Oil

Rupee takes U-turn, jumps 30 paise to 68.08 a dollar

The beaten-down rupee today staged a good comeback, recuperating by a sharp 30 paise to end at 68.08 against the US currency on heavy bouts of dollar …

Trading

MARKET WRAP: JSE bounces back on positive local and global factors

The JSE tracked a global rebound on Wednesday, with banks gaining 2%, given a further lift by reduced concern that the South African Reserve Bank …

Stock Markets

Reprieve for global markets sees JSE close firmer

Johannesburg - The JSE found some reprieve on Wednesday as global markets rebounded, mainly on the back of new Chinese stimulus.<p>The Chinese central …

Stock Markets

Are Energy Stocks Catching Up To Crude?

<i>By Stacey Morris</i><p>Energy investors, and particularly MLP investors, have likely been frustrated with the lagging performance of energy stocks relative …

Business

MPs to grill Sainsbury’s over Asda deal

Sainsbury's

CANADA STOCKS-TSX futures point to higher open

© Reuters. CANADA STOCKS-TSX futures point to higher open<p>June 20 (Reuters) - Futures for Canada's main stock index were higher on Wednesday after …

Stock Markets

Wood Mac: Expect moderate action from OPEC

Expect some sort of Goldilocks scenario from OPEC on future supplies, though talks under way in Vienna are increasingly contentious, a consultant …

Oil

Business Highlights

___<p>The Mouse chases the Fox: Disney makes $71B counteroffer<p>NEW YORK (AP) — Disney is offering more than $71 billion for Fox's entertainment businesses in a counterbid to Comcast's nearly $66 billion offer. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and …

Finance

Ultra-Long-Haul Jets Will Survive $100 Oil

A 19-hour flight is important to premium passengers. The cost isn’t.<p>The aviation industry’s perennial bad judgment in forecasting oil prices seems to be about to land it in trouble again.<p>A generation of ultra-long-haul aircraft, designed to allow airlines to bypass global hubs and fly nonstop …

Aviation

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Sachs (GS) says it's likely that benchmark Brent oil prices will rise as demand from emerging markets outweighs worries about higher …

Oil

June 2018 MLP Update and the Permian Basis Blowout

Master limited partnerships (MLPs), as measured by the Alerian MLP Index (AMZ), ended May up 3.5% on a price basis, and up 5.0% once distributions …

Oil & Gas Industry