Oil

Capex can't be cut

While the price plunge and its effect on the global economy are evident, we should not forget that illicit economies are equally subjected to market

BP Plc boss Bob Dudley is very bearish on the price of oil. He says this feels the same as 1986, when oil slumped from $30 a barrel to $10 and didn’t recover

World's largest independent storage company Vopak will start operations at the first commercial crude oil tank farm in southeast Asia in March, a top company

The biggest U.S. oil workers strike since 1980 will probably prolong time needed to make repairs after mechanical breakdowns, even as most refineries continue

Oil traders have booked up to 20 tankers to store an estimated 40 million barrels of crude at sea, rising from 25 million barrels last

Eni SpA can do well with oil at $65 to $70 a barrel, Chief Executive Officer Claudio Descalzi

Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may

he United Arab Emirates oil minister said on Monday that the drop in oil prices was unlikely to last for long and that the country would not alter its energy

West Texas Intermediate oil fell below $50 a barrel for the first time since April 2009 as surging supply signaled that the global glut that drove crude into a

Oil traded near its lowest closing price since mid-2009 amid signs of manufacturing weakness in Europe and

Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former

Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting

Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister

Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and a sluggish demand

Norway signaled it may cut its economic forecast for next year as a slump in oil prices threatens growth in western Europe’s biggest crude

Brent crude traded near $70 a barrel, erasing earlier gains as traders evaluated the impact of OPEC’s decision to maintain output at last week’s meeting.

China is emerging as the winner from OPEC’s battle with rival oil producers as the world’s biggest energy consumer stockpiles

Brent crude steadied after OPEC triggered the biggest one-day plunge in three years yesterday by failing to cut its output in response to a glut. Oil in New