Oil

Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with members set to debate the path for an extension of the group's supply-cut agreement.

Oil is in a solid bull market, and oil-producing nations are walking a tight-rope to keep the party going.

Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed.

Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.

The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada said, nearly two weeks after closing the line after it leaked 5,000 barrels of crude in rural South Dakota.

Exxon Mobil CEO Darren Woods is reorganizing the company's refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday.

TransCanada is making progress on cleaning up a 5,000-barrel oil spill from its Keystone pipeline in South Dakota, where a state official said on Monday the company has excavated the damaged section of pipeline.

U.S. oil prices hit their highest levels in more than two years on Friday as the shutdown at North America's Keystone pipeline continued to cut deliveries to storage facilities.

Venezuelan energy minister Eulogio Del Pino said on Wednesday OPEC has a de facto oil output freeze as its overall production stood steady in the past few months.

Ashland on Tuesday filed to reorganize as a public holding company and separate its Valvoline business, key steps in Ashland's previously announced plans to split in two by year's end.

Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday.

Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays firmly on market share, while concerns about China's economy weighed on the demand outlook.

The lack of action from OPEC at its June meeting Thursday shows more cracks are beginning to show in the cartel's oil-world dominance.

‘Fueling Freedom’ author Kathleen Hartnett White says the U.S. is sitting on $50 trillion in oil and gas, but the government is stopping us from getting at it.

The Dow Jones Industrial Average climbed Wednesday to top the psychologically important 18,000 level.

The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma's medical examiner said on Wednesday, echoing a police inquiry's findings a day earlier that there was no evidence of suicide.

U.S. stocks pared some of their gains on Monday after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy and said interest rates were still on their way, but was less specific on the timing.

Crude futures rose for a third consecutive day on Wednesday, hitting 2016 highs above $50 a barrel on supply outages led by the sabotage of oil facilities in Nigeria, before paring gains as glut concerns resurfaced after U.S. data showed a surprise build in gasoline supplies.

Oil prices fell 2% on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.