Tullow Oil cuts guidance for oil production and CEO resigns

2019-12-09

Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →

Oil rises on inventory drop as traders await OPEC meeting

2019-12-04

Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →

Oil on track for weekly gains

2019-10-25

Oil futures drifted into negative territory Friday, but remained on track for weekly gains as concerns over supply appeared to take over the spotlight from longer-term worries over global economic growth and the outlook for crude demand. West Texas Intermediate crude for December delivery CLZ19, +0.07%  on the New YorkRead More →

Oil futures end at their lowest in over a week

2019-09-24

Oil futures settled lower Tuesday, pressured by signs that Saudi Arabia is making progress in restoring production following attacks on processing facilities, as well as concerns over the global demand picture. Also contributing to declines in oil prices, Iranian President Hassan Rouhani on Tuesday said he was open to discussRead More →