published Dec 23rd 2016, 5:37 am, by Ilya Arkhipov and Stepan Kravchenko (Bloomberg) —President Vladimir Putin said Russia’s economy is returning to growth and there are signs that real wages are improving as the country emerges from its longest recession this century. While “of course” economic difficulties remain, a “positive

published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised

published Dec 11th 2016, 1:56 pm, by Javier Blas, Elena Mazneva and Angelina Rascouet (Bloomberg) —Saudi Oil Minister Khalid al-Falih emerged from the OPEC meeting room on Saturday evening having endured months of secret petro-diplomacy, late-night phone calls and, a few times, disagreements that almost saw talks collapse. But he

published Sep 15th 2016, 5:56 pm, by Perry Williams (Bloomberg) — Oil headed for a weekly loss on speculation a global crude glut will persist as disrupted supply returns and demand growth slows. Futures fell 0.7 percent in New York, extending a weekly decline to 5 percent. OPEC members Libya

published Aug 18th 2016, 6:01 pm, by Wael Mahdi and Javier Blas (Bloomberg) — Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 million barrels a day in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share

published Jun 2nd 2016, 9:55 pm, by David Fickling (Bloomberg) — There are two sides to every story, and that’s rarely more true than in commodity markets. If you look just at the supply side of the equation, it’s hard to comprehend traders’ mild reaction to another OPEC meeting concluding

©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

©2016 Bloomberg News O2NZG96JIJV8 (Bloomberg) — Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With

©2016 Bloomberg News O27FP86TTDS1 (Bloomberg) — Oil traded near $31 a barrel as Saudi Arabia said it held “successful” talks with Venezuela about cooperating to stabilize the market, without elaborating on the steps required to shore up prices. Futures were little changed in New York after falling 8.1 percent last

©2015 Bloomberg News NZS1N66VDKHT (Bloomberg) — If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. Brent’s plunge to $35.98 a barrel on Tuesday, its weakest intraday level since 2004, was probably painful enough for any remaining oil bulls. But that