Spending cuts already announced by producers - to the tune of 25 to 60 percent - have dropped the rig count by 45 percent since late 2014, and output will soon decline or flat ..
Oil prices rose Monday as the attractiveness of a weaker dollar offset news of higher crude production by Saudi Arabia. The US benchmark, West Texas Intermediate for May deliv ..
"The dollar is under pressure, and we saw buyers coming into the market as a result," said Tradition Energy senior analyst Gene McGillian. Market watchers have been ..
China National Chemical Corp (ChemChina) is to buy into Pirelli (PECI.MI), the world's fifth-largest tire maker, in a 7.1 billion-euro ($7.7 billion) deal that will put t ..
The so-called smart money is focused on currencies over bonds in anticipation of the Fed's long-awaited interest rate increase. ..
The make-or-break moment in the long running saga over Greece's debt is looming. Will the embattled country remain in the eurozone? ..
The Federal Reserve is "widely expected" to begin raising interest rates this year though the policy path remains uncertain, the central bank's second-in-comman ..
The bomb thrower candidate probably can't count on a lot of corporate funding. ..
CALGARY/NEW YORK (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announ ..
MacNeil Curry, Bank of America Merrill Lynch, discusses the latest movement with the euro/U.S. dollar and what to expect in the near future. ..