Oil

By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged

NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into

By Catherine Ngai, Olivia Raimonde and Alex Longley (Bloomberg) — Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global

By Stephanie Kelly and Laura Sanicola April 15 (Reuters) – U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase

By Florence Tan and Shadia Nasralla SINGAPORE/LONDON, April 13 (Reuters) – The minimal impact on oil prices from a global deal for record output cuts

By Javier Blas, Salma El Wardany and Grant Smith (Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global petroleum output

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the

By Catherine Traywick, Mario Parker and Justin Sink (Bloomberg) — On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of

By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded

By Scott DiSavino NEW YORK, April 2 (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said

By Jonathan Saul LONDON, April 1 (Reuters) – Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being

By Alex Longley (Bloomberg) — Oil is headed for its largest weekly collapse since 2008 as a bitter price war erupted between Saudi Arabia and Russia,

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the

By Dmitry Zhdannikov LONDON, March 9 (Reuters) – Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991

By Gleb Gorodyankin and Polina Devitt MOSCOW/LONDON, Feb 19 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a

By Marianna Parraga and Neil Marks Jan 20 (Reuters) – A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S.

By Noah Browning LONDON, Oct 29 (Reuters) – U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less

By Serene Cheong and Sharon Cho (Bloomberg) –Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate