Oil prices fell 4 percent on Friday, paring most of the previous session’s rise as traders noted that a tropical storm was behind this week’s unexpected slump in U.S. crude inventories. The market ended up around 3 percent, its first gain in three weeks. Traders cited hopes for a global ... Read More »

VIENTIANE, Laos — Philippines President Rodrigo Duterte on Tuesday expressed regret over his “son of a bitch” remark while referring to President Obama. In a statement read out by his spokesman, Duterte said his “strong comments” to certain questions by a reporter “elicited concern and distress; we also regret it ... Read More »

Crude oil prices started Friday in volatile territory after the U.S. government reported the economy added more jobs in July, though key metrics were unchanged. Crude oil prices rallied during the latter half of the week after a brief dip below $40 per barrel. Federal U.S. data show a mixed ... Read More »

Total crude oil production in Texas recorded nearly a 3 percent decline year-on-year for May, a state energy regulator reported. The Railroad Commission of Texas, the state’s energy regulator, said that overall crude oil production was lower than last year. “Texas preliminary May 2016 crude oil production averaged 2,359,072 barrels ... Read More »

NEW YORK, April 4 — Crude oil prices drifted marginally lower in early Monday trading after Iran said it was preparing to put more of its petroleum products on the global market. Crude oil prices suffered one of the worst days of the year Friday after Saudi officials said they’d ... Read More »

NEW YORK, April 4 — Crude oil prices drifted marginally lower in early Monday trading after Iran said it was preparing to put more of its petroleum products on the global market. Crude oil prices suffered one of the worst days of the year Friday after Saudi officials said they’d ... Read More »