Oil steady as fears over U.S.-Iran conflict ease, focus turns to trade deal

SEOUL (Reuters) – Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled... Read more »

Oil hits three-month high on falling oil stocks, investor optimism

HOUSTON (Reuters) – Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than... Read more »

Phillips 66 says boiler plant fire extinguished at Los Angeles, California refinery

FILE PHOTO: The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – U.S. oil refiner Phillips 66 said a small fire at a... Read more »

Phillips 66 reports fire in Boiler plant area at Wilmington, California refinery

FILE PHOTO: The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – Phillips 66 reported a fire was extinguished in the area of... Read more »

Oil steady near three-month highs on trade deal progress; set for third weekly rise

SEOUL (Reuters) – Oil prices were steady close to three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that... Read more »

Chevron expects $10 billion-$11 billion charge in fourth quarter; plans asset sales

(Reuters) – U.S. oil major Chevron Corp (CVX.N) on Tuesday said it expects to write down the value of its assets $10 billion to $11 billion this quarter and... Read more »

Oil jumps amid hopes for further OPEC cuts, China factory growth

TOKYO (Reuters) – Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may... Read more »

Oil gains 1% as China pushes Trump for more tariff rollbacks

NEW YORK (Reuters) – Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on... Read more »

Russian oil output down in October, but misses OPEC deal target

MOSCOW (Reuters) – Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a... Read more »

Saudi Crown Prince approves announcement of Aramco IPO on Sunday – sources

DUBAI/RIYADH (Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five... Read more »