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Commodity

The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. more

Refining/Petrochemical

Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. more

Refining/Petrochemical

Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. more

Refining/Petrochemical

Oil hit its highest in more than three years on Wednesday after U.S. President Donald Trump threatened to fire missiles at Syria in response to a suspected chemical attack last week. more

Refining/Petrochemical

Oil fell day as investors took profit on a rally the day before to this year’s highs after a report showed a surprisingly large increase in U.S. crude inventories. more

Refining/Petrochemical

Oil analysts expect the price of crude to rise steadily this year but remain in a tight band dictated by U.S. shale output growth on one side and OPEC supply restraint on the other. more

Refining/Petrochemical

BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. more

Refining/Petrochemical

Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities. more

Refining/Petrochemical

Oil markets fell more than 2 percent on Thursday, wiping out the previous day's gains on profit-taking and after a run-up in the dollar. more

M&A/Investment

U.S. stocks rose modestly on Wednesday, boosted by a rally in the energy sector and stronger-than-expected quarterly results from Morgan Stanley. more

M&A/Investment

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