Oil sinks on China slowdown fears; natural gas surges 5%

2019-01-17

Oil futures declined sharply Thursday, tracking lower moves in most global equity benchmarks, as fear of a China-led demand slowdown gripped investors. West Texas Intermediate crude for February delivery CLG9, -1.87%  fell $1.16, or 2.2%, to $51.15 a barrel on the New York Mercantile Exchange, a day after posting aRead More →

Oil prices plateau for now as supply picture stabilizes

2019-01-16

Oil prices slipped but largely steadied Wednesday as supply data offered little new revelations, allowing contracts to preserve the bulk of the 3% price jump a day earlier. That move fed the over 20% recovery for the major benchmarks since a fourth-quarter plunge. Expected stock-market gains boosted risk-on sentiment thatRead More →

London energy group Ophir in takeover talk

2019-01-02

Ophir Energy OPHR, +32.56%   became the second London-listed mid-cap oil-and-gas company to attract a suitor in recent weeks after it said it is in talks with Indonesia’s Medco Energi MEDC, -0.72%  about a potential all-cash takeover bid which could create a southeast Asian upstream powerhouse. The news sent sharesRead More →