Edition:
United Kingdom

Jessica Resnick-Ault

U.S. oil retreats from 2019 high on soaring production

15 Mar 2019

NEW YORK U.S. crude futures eased slightly on Friday after hitting a 2019 high, as worries about the global economy and robust U.S. production put a brake on prices.

Oil falls 2 percent as demand worries overtake supply cuts

01 Mar 2019

NEW YORK Oil prices settled down about 2 percent on Friday, ending around 3 percent lower on the week as concerns over global demand growth after weak U.S. manufacturing data overshadowed OPEC-led supply cuts and sanctions on Venezuela and Iran.

Oil gains on Saudi output cuts; rally limited by U.S. output

13 Feb 2019

NEW YORK Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains.

U.S. oil output to hit new record above 13 million bpd in 2020: EIA

12 Feb 2019

NEW YORK U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.

UPDATE 1-U.S. oil output to hit new record above 13 mln bpd in 2020 -EIA

12 Feb 2019

NEW YORK, Feb 12 U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.

Oil drops as global economic concerns grip market

07 Feb 2019

NEW YORK Oil fell about 2 percent on Thursday as the market was weighed down by concerns that global demand growth would lag in the coming year.

Exclusive: Delta trying to unload East Coast refinery - sources

01 Feb 2019

NEW YORK Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter.

Exclusive: Qatar, Exxon to proceed with $10 billion Texas LNG project - sources

01 Feb 2019

LONDON/NEW YORK Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.

U.S. cracks down on foreigners dealing in Venezuela oil

01 Feb 2019

NEW YORK U.S. sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extensive than those imposed on Iran last year, experts said on Friday after looking at details posted by the Treasury Department.

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