You can read more from Bloomberg at www.bloomberg.com

Article 4212
Battered by crude rout, Norway now faces risk of oil strikes

The failure shows the width of the gap that will need to be bridged in state-backed mediation if Norway, western Europe’s biggest producer of oil and gas, is to avoid strikes that would deepen the crisis provoked by the collapse of crude prices since 2014. ...

OPEC’s Cheap Oil Strategy Lures Drivers Back Into Gas Guzzlers

Last year, SUVs outsold any other type of passenger vehicle in Europe for the first time, according to auto industry consultants JATO Dynamics. The trend has continued in 2016, with demand for SUVs such as the Hyundai Tucson and the Renault Kadjar accounting for a quarter of sales in the biggest Eur ...

One reason to be bullish on oil: Surge in gas-guzzler sales

As OPEC ministers gather in Vienna, they may notice more sport utility vehicles on the streets of the Austrian capital than on previous visits. Last year, SUVs outsold any other type of passenger vehicle in Europe for the first time, according to auto industry consultants JATO Dynamics. The trend ha ...

Rising crude prices boost confidence in Canada’s oil patch

Confidence in Canada’s oil heartland climbed to the highest since November last week, as crude prices reached $50 a barrel and companies restarted production following wildfires in Alberta, telephone polling shows. The Bloomberg Nanos Canadian Consumer Confidence Index for the Prairies region includ ...

Oil heads for fourth straight monthly gain

Oil is set for the longest run of monthly gains in five years as output disruptions from Nigeria to Canada reduce supply before OPEC meets Thursday in Vienna to discuss production policy. Futures gained as much as 0.9 percent in New York, set for a fourth monthly advance. Militant attacks have cut N ...

Oil trims weekly gain in prices

Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Futures fell 0.9 percent in New York, paring the weekly advance to 2.7 percent. Suncor Energy Inc. is seeking to return most of its workers by next week and begin startup of oil-sands ...

Trump to give first major speech on energy policy

Donald Trump is poised to give his first substantive energy policy speech in North Dakota, a state eager to hear how he can help the industry recover from the worst downturn in a generation. The presumptive Republican presidential candidate is scheduled to speak Thursday as part of the Williston Bas ...

Oil crosses $50 a barrel, then retreats

Oil  rose above $50 a barrel for the first time in more than six months as a decline in U.S. stockpiles accelerated a rebound from a 12-year low. Futures climbed as much as 1.3 percent in New York to $50.21 a barrel, the highest price since Oct. 9. , before retreating.  Crude was trading at ... ...

Crude supplies to dwindle as drillers cut investment

Global crude supplies will start to dwindle in as little as two years, boosting prices, as the industry cuts investment to weather the worst market collapse in a generation, according to Statoil ASA. Oil companies reduced capital expenditure last year and are likely to cut it further this year and n ...

More