It could take years for the US to refill its emergency oil reserves after last year's record sales

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The UAE is moving up an already ambitious target to increase crude oil output.
Oil barrels.

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Oil prices could jump 17% by summer as crude has now bottomed out, top shale CEO says

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An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer
Oil tanker unloads crude oil at a crude oil terminal in Zhoushan

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Oil prices slide as the US says it will sell millions more barrels of oil from its strategic reserve into the global market

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