Edition:
United Kingdom

David Gaffen

In major shift, U.S. now exports more oil than it ships in

06 Dec 2018

The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.

Oil resumes sell-off as growing U.S. stockpiles feed oversupply fears

28 Nov 2018

NEW YORK Oil prices fell about 2.5 percent on Wednesday after U.S. crude inventories rose for the 10th straight week to the highest in a year, adding to worries about a worldwide supply glut.

Oil slumps 7 percent to one-year low as rout extends to 12 days

14 Nov 2018

NEW YORK Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. | Video

U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

13 Nov 2018

WINNIPEG, Manitoba/NEW YORK A U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump. | Video

U.S. judge halts Keystone XL pipeline, dealing project another setback

09 Nov 2018

Nov 9 A U.S. judge in Montana late Thursday halted construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, throwing another obstacle in the path of the project that has been in development for a decade.

Oil slips after U.S. output hits record, crude stocks rise

07 Nov 2018

NEW YORK Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected.

Oil rally faces tidal wave of supply

04 Nov 2018

The oil market's two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide.

World News