published Jan 31, 2018, 7:00:00 PM, by Jessica Summers (Bloomberg) — U.S. oil production surged above 10 million barrels a day for the first time in more than four decades, another marker of a profound shift in global crude markets. The milestone comes weeks after the International Energy Agency said

published May 18th 2017, 6:01 pm, by Mark Shenk and Grant Smith (Bloomberg) —OPEC will extend an accord that trims production, even as surging U.S. output threatens the group’s goal of draining excess supply, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries and its allies will prolong

published Jan 25th 2017, 2:23 pm, by Mark Shenk (Bloomberg) —Oil declined after a U.S. government report showed crude and fuel inventories increased. Futures fell 0.8 percent in New York. Crude supplies  rose 2.84 million barrels in the week ended Jan. 20, the Energy Information Administration said. Gasoline stockpiles climbed a fourth

©2016 Bloomberg News O41FLP6S972G (Bloomberg) — The top of the oil market may be closer than you think. With Brent futures having bounced back to $40 a barrel, the International Energy Agency sees “light at the end of the tunnel,” and Goldman Sachs Group Inc. is spotting “green shoots.” Even