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Oil back below $40 as Iran dashes hopes for quick deal on output
Oil fell around 3 percent on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.
Global benchmark Brent crude futures LCOc1 fell back…

Oil Producers Likely to Meet in April on Output Freeze
Major oil producers are likely to meet in April to discuss a proposal to freeze output at January levels to stabilize the market, according to four Gulf OPEC delegates.
Ministers from some members of the Organization of Petroleum Exporting…

Iran Oil Lands in Europe for First Time Since Sanctions End
The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels of crude in just 17 days, but its journey has been four years in the making.
On Sunday, the tanker became the first to deliver…

Brent oil rises to 2016 high; U.S. stocks gain
Brent oil prices hit a high for the year above $40 a barrel on Monday after data showed a smaller-than-expected build in U.S. crude stockpiles, helping U.S. stocks extend recent gains.
Brent was last up $1.87 at $40.59, while U.S. crude rose…

Oil rises 3% as Saudis advocate cooperation to stabilize market
Brent crude futures rose as much as 3 percent on Monday, adding to strong gains last week, on rising hopes that the market has bottomed out and as OPEC kingpin Saudi Arabia said it would work with other producers to limit oil market volatility.
Brent…

Houston energy leaders optimistic that next year will bring good fortune for industry
Despite heavy rains, more than 300 guests gathered at the Houstonian Hotel on Feb. 23 for HBJ's Conversation with Houston's Energy Leaders breakfast. The heavy rain served as a metaphor for the current state of the oil industry, and energy leaders…

Why the U.S. is cutting carbon emissions no matter what happens with the Supreme Court
Last week, the Supreme Court threw U.S. and international climate policy into turmoil by freezing President Obama’s Clean Power Plan while it is being challenged before the U.S. Court of Appeals for the D.C. Circuit. But matters took a turn…
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