Oil advances on optimism sparked by historic U.S.-China trade agreement

NEW YORK (Bloomberg) - Oil rose to the highest in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth

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China’s top oil firm sees demand growth cut in half in 2020

BEIJING (Bloomberg) - The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers

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Saudi Arabia, Kuwait agree to resume oil output at shared fields

CAIRO (Bloomberg) - Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output

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Oil steadies at three-month high after surprise U.S. crude draw

NEW YORK (Bloomberg) - Oil steadied at the highest level since September after the U.S. government reported a surprise draw in crude inventories

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China breaks global record for oil imports, and the numbers are still growing

NEW YORK (Bloomberg) - China is breaking records for crude oil imports, and isn’t likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the U.S. will bolster

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Chevron to take $11 billion writedown amid weak gas prices

HOUSTON (Bloomberg) - Chevron expects to write down as much as $11 billion in the fourth quarter, more than half of it from its Appalachia natural gas assets after a slump in prices

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Saudis offer carrot and stick to get OPEC to defend oil prices

VIENNA (Bloomberg) - Saudi Arabia, the dominant force in OPEC, is using both carrot and stick to talk other members of the oil cartel into defending prices

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Oil extends gains as OPEC+ prepares to meet

NEW YORK (Bloomberg) - Oil rose for a second day as investors focused on the upcoming OPEC+ meeting that could lead to deeper supply cuts by some of the world’s biggest crude producers

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Oil drillers get $18 billion break thanks to law legislators now regret

WASHINGTON (Bloomberg) - The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy

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Abu Dhabi seeks to shift oil markets with its own crude benchmark

DUBAI (Bloomberg) - The Middle East produces a fifth of the world’s oil, but the region’s never had a benchmark price that competes with London’s Brent or New

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