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>> PETROLEUM Latest News

6 HOURS AGO - MarketWatch

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Oil futures rally 12.3% for the day, but still fall for the week

Oil futures rallied Friday, buoyed in part by comments from the United Arab Emirates' energy minister who said that the Organization of the Petroleum Exporting Countries is willing to cooperate on possible production cuts. Prices, however, still posted a loss for the week on the back of the ongoing global crude surplus. March West Texas Intermediate crude jumped $3.23, or ...

Tags: Oil futures rally 12.3% for the day, but still fall for the week,  Petroleum Latest News

9 HOURS AGO - MarketWatch

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Oil rally intensifies; WTI soars nearly 12% higher

Oil's advance accelerated late Friday morning. West Texas Intermediate crude jumped nearly 12%. Prices found support from comments late Thursday from the United Arabia Emirates' energy minister who said that the Organization of the Petroleum Exporting Countries is willing to cooperate on possible production cuts. The market is taking the comments from the UAE minister "seriously because the UAE is ...

Tags: Oil rally intensifies; WTI soars nearly 12% higher,  Petroleum Latest News

15 HOURS AGO - UPI

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More natural gas found offshore Myanmar

Daniel J. GraeberPERTH, Australia, Feb. 12 (UPI) -- With a strong portfolio in Myanmar, Australian energy company Woodside Petroleum said it was gaining traction after making its second gas discovery.

Tags: More natural gas found offshore Myanmar,  Petroleum Latest News

17 HOURS AGO - Zacks Investment Research

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Occidental Petroleum (OXY) Fights Against Soft Prices

Occidental Petroleum (OXY) has been focusing on enhancing drilling efficiencies and cutting down on well and unit operating costs

Tags: Occidental Petroleum (OXY) Fights Against Soft Prices,  Petroleum Latest News

17 HOURS AGO - Investors Business Daily

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Anadarko Fracks Dividend As Oil Companies Drill For Cash

Anadarko Petroleum lowered its dividend by 81% as the company looks to boost its cash holdings.

Tags: Anadarko Fracks Dividend As Oil Companies Drill For Cash,  Petroleum Latest News