NEW YORK (Reuters) - Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark. The Brent-WTI spread, which measures the difference between London-based Brent and the U.S. benchmark West Texas Intermediate (WTI), has jumped past $19, up sharply from ...
NEW YORK (TheStreet) - Big Oil stocks have been stuck in place to start 2012, with big earnings getting a big yawn from investors. BP, though, is up 9% ahead of its quarterly report on Tuesday, and the company isn't out of stock catalysts either. Sometimes it's good to be the sector laggard, since the Macondo oil spill overhang has given BP room to rise unrelated to the larger narrative of ...
Oil declined in New York on concern that Greece will fail to take sufficient steps to avert a default, threatening Europe's economy and fuel consumption.
Oil prices are expected to stay between $100 and $115 a barrel until mid-year, barring "surprises and geopolitical changes," Kuwait's Oil Minister Mohammad al-Basseri said on Monday.
Oil prices fell Monday as talks stalled on a Greek debt deal needed to avoid a disastrous default, raising concerns about the region's economy and future demand.
Crude-oil futures trade lower Monday, awash in oil demand concerns as Greek leaders sought an agreement on more austerity packages, the dollar trades higher and Brent crude prices climb.
US Oil Sands Inc. Grant of Warrants
Oil prices fell below $97 a barrel Monday on worries that talks on a Greek debt deal needed to avoid a disastrous default are proving difficult to conclude.
CALGARY, ALBERTA-- - Kulczyk Oil Ventures Inc. , an international upstream oil and gas company, is pleased to report that the Makeevskoye-21 well in Ukraine has commenced drilling. The well is operated ...
Oil prices fell to near $97 a barrel Monday in Asia amid investor concerns about Greek debt talks.