crude oil

Oil & Gas

Norway Oil strike to end after mediation

A strike that shut down about 8% of Norway’s oil and gas output will end after successful mediation talks, said Norwegian Oil and Gas Association spokesman Kolbjorn Andreassen

Americas

Big crude draw offset by large products build

A large draw of more than 7 million barrels of commercial crude oil from U.S. stocks was more than offset by massive refined products builds of gasoline, diesel and heating oils.

Oil & Gas

Crude oil poised to extend slump

Crude oil is poised to extend the biggest slump in more than two years after Saudi Arabia signaled it’s ready for a price war with other OPEC members, according to Commerzbank AG and Citigroup Inc. Saudi Aramco, the state-run oil producer of the world’s biggest exporter, cut prices on Oct. 1 for all its exports, reducing those for Asia to the lowest level since 2008.