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Oil steadies as Cushing drawdown faces trade worries

2 days ago NAMEX Comments Off on Oil steadies as Cushing drawdown faces trade worries
NEW YORK (Reuters) – Oil prices steadied on Monday after industry data showed a drop in stocks at Cushing, Oklahoma, but trade concerns weighed after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs on China. An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. Read More

UPDATE 4-Oil falls after Trump plays down optimistic China trade reports

2 days ago NAMEX Comments Off on UPDATE 4-Oil falls after Trump plays down optimistic China trade reports
LONDON (Reuters) – Oil prices dipped on Monday after U.S. President Donald Trump appeared to play down reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war. An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. Picture taken October 1, 2019. REUTERS/Jose Nunez Brent crude was down Read More

Oil falls after Trump downplays optimistic China trade reports

2 days ago NAMEX Comments Off on Oil falls after Trump downplays optimistic China trade reports
LONDON (Reuters) – Oil prices dipped on Monday after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war. An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. Picture taken October 1, 2019. REUTERS/Jose Nunez Brent crude was down 87 Read More

IPO prospectus lays out main risks to Aramco’s operations

3 days ago NAMEX Comments Off on IPO prospectus lays out main risks to Aramco’s operations
RIYADH (Reuters) – Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely affect the company’s business or its financial position. FILE PHOTO: A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq, Saudi Arabia Read More

UPDATE 3-Saudi Aramco prospectus flags risks, gives few details on IPO size

3 days ago NAMEX Comments Off on UPDATE 3-Saudi Aramco prospectus flags risks, gives few details on IPO size
DUBAI (Reuters) – Saudi state oil giant Aramco will sell up to 0.5% of its shares to individual retail investors and will be restricted from issuing additional shares for a year after the initial public offering (IPO), its prospectus said on Saturday. FILE PHOTO: The Saudi Aramco logo is pictured at the company’s oil facility Read More

Factbox: IPO prospectus lays out main risks to Aramco’s operations

4 days ago NAMEX Comments Off on Factbox: IPO prospectus lays out main risks to Aramco’s operations
RIYADH (Reuters) – Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely affect the company’s business or its financial position. FILE PHOTO: A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq, Saudi Arabia Read More

Oil falls after three-day rally on larger-than-expected U.S. crude build

1 week ago NAMEX Comments Off on Oil falls after three-day rally on larger-than-expected U.S. crude build
SEOUL (Reuters) – Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford Brent crude futures LCOc1 stood at $62.58 Read More

Athabasca Oil Corporation Announces 2019 Third Quarter Results

1 week ago NAMEX Comments Off on Athabasca Oil Corporation Announces 2019 Third Quarter Results
CALGARY, Alberta, Nov. 05, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter operational and financial results. Third Quarter and Operational Highlights: Adjusted Funds Flow: $43.9 million ($0.08/share) and $133.3 million ($0.26/share) for the third quarter and first nine months of 2019 respectively. Free Read More

Oil falls as big U.S. crude build offsets hopes for U.S.-China trade talks

1 week ago NAMEX Comments Off on Oil falls as big U.S. crude build offsets hopes for U.S.-China trade talks
SEOUL (Reuters) – Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U.S.-China trade tensions. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford Brent crude futures LCOc1 were Read More

Oil slips on huge U.S. crude build; hopes for U.S.-China trade talks check losses

1 week ago NAMEX Comments Off on Oil slips on huge U.S. crude build; hopes for U.S.-China trade talks check losses
SEOUL (Reuters) – Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford Brent crude futures LCOc1 Read More