Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Oil Buyers Guide

Longest Oil Glut in at Least Three Decades Looms

June 16, 2015

BY GRANT SMITH The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable. Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic

Cushing Oil Stocks Fell by 1.1 Million Barrels Last Week, Bloomberg Model Suggests

June 9, 2015

Bloomberg’s storage model suggests crude inventory levels at the Cushing, Oklahoma, storage hub fell by 1.1 million barrels for the week ended June 5. The draw would bring inventories to 57.9 million. Stocks stood at 59 million for the week ended May 29, according to the Energy Information Administration. Bloomberg’s proprietary

Iran Vows More Oil Exports After OPEC Meeting

June 8, 2015

BY HASHEM KALANTARI AND SHARON CHO Iran’s pledge to sell more crude signals that OPEC members will continue pumping above the group’s production target, exacerbating the global surplus. Iran can double oil exports within six months if international sanctions are lifted, state-run Islamic Republic News Agency reported, citing Mehdi Asali, the

U.S. Crude Exports Add to Global Glut

June 4, 2015

BY LYNN DOAN For a nation that bans most oil exports, the U.S. still finds a way to ship more abroad than at least two OPEC members. The shale oil-rich nation exported more than half a million barrels a day in April, the most since at least 1920, and more

OPEC Is Winning the Oil Price War

June 2, 2015

As OPEC ministers meet in Vienna this week they’ll be debating whether the strategy that’s upended oil markets is working.The last time OPEC met,in November, it jolted markets by leaving production unchanged instead of staunching a glut by trimming output. Prices collapsed to the lowest in six years. OPEC said

Speculators Temper Wagers Before OPEC Meeting

June 1, 2015

BY MARK SHENK Speculators retreated from both bullish and bearish wagers on crude-oil prices before OPEC ministers meet to determine their output for the next six months. With bearish bets on West Texas Intermediate falling at a faster pace than bullish holdings, the net-long position rose for the first time

Alberta Fires Cut Canadian Natural Oil Sands Output

May 26, 2015

BY ROBERT TUTTLE Canadian Natural Resources Ltd. reduced production from its Kirby South oil-sands operation in Alberta, raising the amount of production brought offline because of a nearby forest fire to 233,000 barrels a day. The out-of-control fire near Lac La Biche was discovered on Saturday and covered 8,200 hectares (20,260

U.S. Refining Operations at Seasonal High Before Driving Season

May 21, 2015

U.S. refineries boosted operations to the highest level for this time of year in the run-up to the peak driving season. Plants used 16.5 million barrels a day of crude and other liquids last week, the highest seasonal level in EIA weekly data going back to 1989. Crude-oil stockpiles decreased for a

Goldman Sees $45 Oil After ‘Self-Defeating’ Rally

May 19, 2015

BY BEN SHARPLES Oil is poised to slump to $45 a barrel by October as a surplus of crude and producers’ easy access to cash weigh on the market, according to Goldman Sachs Group. A recovery in prices to near $60 a barrel from a six-year low in March is premature, analysts including

Conoco Ready to Supply U.S. Oil to the World

May 18, 2015

BY SHARON CHO AND ANN KOH ConocoPhillips said it’s capable of supplying U.S. oil to the global market and reiterated a call to end the nation’s ban on crude exports. The U.S. shale boom has resulted in a glut of light-sweet crude, as production outpaces demand from refineries, Ryan Lance, CEO of