Bloomberg The Trump administration is proposing to open almost all US coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills. The proposal will go far beyond President Donald Trump’s April order directing the Interior Department to consider auctioning oil and gas leases in the Arctic ...

LONDON / Reuters OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices. Adherence to the curbs rose to 128 percent from 125 percent in November, the survey found. The Organization of the ...

Bloomberg Saudi Arabia cut February pricing for most of its crude sales to the US for a second month even as the world’s largest oil exporter ships record-low volumes to American buyers in an effort to help trim a global glut. While producers often reduce prices to stimulate sales, Saudi Arabia is cutting shipments to the US market to help ...