by  Bloomberg | Sharon Cho | Tuesday, February 19, 2019 Oil held gains at a 3 month high as investors focused on the prospects for a resolution to the U.S.-China trade war and signs of sliding shipments from the world’s biggest crude exporter. (Bloomberg) — Oil held gains at a three-month high as investors focused

by  Bloomberg | Sharon Cho | Monday, February 18, 2019 Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world’s largest offshore field signaled tightening supply. (Bloomberg) — Oil traded near the highest level since November on optimism the

by  Bloomberg | Alex Nussbaum | Monday, February 18, 2019 Oil optimists look like they’re finally ready to take the driver’s seat in crude’s rebound. (Bloomberg) — Oil optimists look like they’re finally ready to take the driver’s seat in crude’s rebound. For the first time this year, a jump in bets that Brent crude

by  Matthew V. Veazey | Rigzone Staff | Friday, February 15, 2019 A Russian pledge and a Saudi outage provided support for crude. By the end of trading Friday, the price of West Texas Intermediate (WTI) crude oil was closer to $60 than $50 and the price of Brent crude was nearer to $70 than

by  Valerie Jones | Rigzone Staff | Friday, February 15, 2019 The US added a net total of two rigs this week. The United States added three oil rigs and dropped one gas rig for a net gain of two rigs this week, according to weekly data from Baker Hughes, a GE Company. The activity

by  Bloomberg | Saleha Mohsin and Daniel Flatley | Friday, February 15, 2019 The Trump administration is considering blocking foreign entities from dealing with Venezuela’s state oil giant. (Bloomberg) — The Trump administration is considering blocking foreign entities from dealing with Venezuela’s state oil giant Petroleos de Venezuela SA as a possible next step as

by  Andreas Exarheas | Rigzone Staff | Friday, February 15, 2019 Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades, according to BP’s latest Energy Outlook. Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades.

by  Bloomberg | Tsuyoshi Inajima and Sharon Cho | Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month. (Bloomberg) — Oil headed for its biggest weekly gain in a month as the OPEC+ coalition’s supply cuts and a reported output halt at the world’s biggest offshore field overshadowed renewed concern