Tuesday, May 19, 2026
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Tag: oil

Oil extends longest rally, rises to $46.38

Oil extended the longest run of gains this year as US drilling slowed after a record expansion. Futures climbed as much as 0.7 percent in...

Oil drops further into bear market

Oil slid further into a bear market as rising global supply is countering efforts by Opec and its allies to drain a glut. Futures fell...

At least six killed in South Korea crane accident

At least six Samsung workers building a $500 million ocean platform for French energy giant Total were killed in a shipyard crane accident, South...

Oil falls as Libya expands output

Oil declined as rigs targeting crude in the US rose for a fifteenth week and output from Libya rebounded. Futures in New York lost as...

Oil ends slide, rises above $50 a barrel

Oil rose for the first time in six days as an Opec-led committee was said to back prolonging supply cuts and as other markets...

Oil drops below $53 on US drilling surge

Oil declined below $53 a barrel as the US continued to ramp up drilling, stoking fears the nation’s surge in output this year will...

Solon: Check oil, gas facilities

Following the April 8 tremors in Batangas, House deputy minority leader and Makati City Rep. Luis Campos Jr. has urged the Department of Energy...

Nigeria charges oil majors Shell, Eni with corruption

Nigeria's anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal.  The Economic and Financial...

Oil makes biggest annual gain

Oil made the biggest annual gain since 2009 as Opec and other producing nations plan to start supply cuts next month to reduce swelling...

Commodities to bounce back

BHP Billiton Ltd., the world’s biggest mining company, sees early signs that commodity markets are rebalancing, with oil and natural gas best placed to...

OPEC to cut production by 750,000 barrels per day: Bloomberg News

The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day, Bloomberg News reported Wednesday, citing a delegation...

Oil rallies on future Opec deal

Oil pared its biggest drop in more than two months as Saudi Arabia’s offer to cut output opens the door to a future Opec...

Oil, gas and coal reserves will crush climate change goals – report

By Marlowe Hood OXFORD United Kingdom—Developed oil, gas and coal reserves, if exhausted, are enough to push Earth well past the threshold for dangerous climate...

Violence erupts as Native Americans resist oil pipeline

Protesters camping near Native American lands in North Dakota to protest the construction of an oil pipeline clashed with construction company workers they blamed...
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