oil futures Latest News

Crude oil futures dropped in Asian trading Tuesday after the International Monetary Fund cut its global growth forecast for 2013.

The International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region''s debt crisis.

A final agreement could be reached by mid-2011 after five years of negotiations.

Thailand’s largest energy explorer moves its focus to foreign fields.

Oil and gas exploration firm Energy XXI will increase its reserves and production by over 70% with the latest addition of Exxon’s shallow water fields in the Gulf of Mexico.

Oil industry groups appeal to U.S. lawmakers for more finance for the federal offshore drilling regulator to speed up permit and environmental reviews.

Latest deal is part of BP’s campaign to sell assets to pay for Gulf of Mexico oil spill.

Oklahoma based natural gas firm secures 86,000 acres in North Dakota in $925 million deal.

Major oil companies are repositioning as natural gas producers as oil reserves become increasingly difficult to reach.

Increasing demand from China and India and dwindling supplies will drive crude to a near peak by 2035.

The UK government has awarded seven new exploration licenses to the oil firm responsible for the Gulf of Mexico oil spill.

Chevron has agreed to acquire U.S. natural gas producer Atlas Energy for $3.2 billion excluding debt, giving the oil giant a stake in the rapidly growing Marcellus shale field.

Shell announces that it intends to sell almost a third of its Woodside Petroleum interest for around $3.35 billion, nine years after it failed to take over the firm.

U.S. Federal Reserve stimulus measures weakening the dollar could send investors after raw materials.

The world’s largest oil producer saw production up 2% against October last year.

The two Middle East nations may be nearing an agreement on the fields straddling their border.

BP Plc says its experience will guide its drilling in the U.S. Gulf for 20 years.

Betting on a gas recovery EXCO Recourses boss Douglas Miller bids for the company.

Russia’s natural gas giant may seek foreign investment because of limitations in the Ruble debt market.

OPEC members believe Russia may hold the strength to support oil output quotas.

A $26 million lass posted by the Texas oil firm owning a stake in Bp Plc’s damaged Gulf of Mexico well.

Latest estimates of the Brazilian government owned Libra field could make it the largest crude discovery in the America’s in 30 years.

The world’s largest publicly traded oil firm announces a 55% increase in quarterly profits, on higher crude prices and wider refining margins.

U.S oil giant says profits more than double on recovering energy demand.

Asia’s largest firm by market value posts results ahead of estimates with a 13% gain in the third quarter.

Japans Marubeni Corp. is to pay BP $650 million for four of its deepwater fields in the Gulf of Mexico.

The global supertanker fleet is expanding nine times faster than the demand for oil.

BP’s new Chief Executive Officer Robert Dudley is under increasing pressure to lift the share price as the company falls further behind Royal Dutch Shell.

The Russian government is to sell a stake in its biggest oil producer as it seeks to raise $59 billion over five years to reduce its deficit.

Australia’s largest oil and gas producer intends spending a record $900 million on petroleum exploration in the financial year ending June 2011.

Underlining OPEC’s ability to meet growing global energy demands, Saudi Arabia’s petroleum and mineral resource minister said the organizations oil reserves had passed a trillion barrels.

BP sells assets to raise money to pay for Gulf of Mexico oil spill.

Some OPEC members are calling for oil to rise to $100 per barrel after the Dollar Index’s 13% drop since June.

Major fuel firms spending in Africa over the last decade may reap fewer rewards as African nations tighten control of the industry.

A stronger dollar and OPEC’s indication of unchanged production levels sees the start of slide for crude.

Royal Dutch Shell Plc has announced that it has dropped its plans for a multi-billion dollar oil sands upgrader in Canada in favor of a gradual increase in capacity through a series of smaller expansions.

CNOOC agrees to buy a stake in a U.S. shale oil and gas field in its first look at the U.S. market since its failed 2005 Unocal bid.

Weak demand and a sluggish global economic recovery may keep OPEC’s output levels stagnant.

TNK-BP, the venture between BP Plc and a syndicate of Russian billionaires aims to buy the London-based firms Algerian fields to accelerate overseas expansion.

Anticipation that central banks are to step in to boost economic growth and a report which is expected to show U.S. fuel stocks are dropping are two of the causes for a strengthening crude price.

Enbridge Inc announces 2 year storage expansion plan for Edmonton terminal.

Seeing risks and a possible overstocking the IEA revises figures for next year.

The oil price weakens ahead of U.S. report expected to show fuel stockpiles are still increasing.

October’s OPEC meeting won’t see a change in quotas says minister

Struggling oil prices a reflection of slowing global economic recovery.

The LandColt Trading Oil & Gas Model® Posts Record Performance and Subscription Sales

An overview of the intricate ownership structure of the oil futures market and questions about why the federal government is not investigating conflicts of interest.