LONDON (Bloomberg) -- Oil reversed earlier gains as a global glut outweighed tensions between Saudi Arabia and Iran. Futures surged as much as 4.6% in London earlier after the Saudi governme.........
see more >>TEHRAN (Bloomberg) -- Iran is trying to regain its lost share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are .........
see more >>SAN ANTONIO -- On the heels of the U.S. governments recent lifting of the federal ban on the export of crude oil produced in the U.S., NuStar Energy and ConocoPhillips said Wednesday that th.........
see more >>ABERDEEN, Scotland -- Abu Dhabi National Energy Company PJSC (TAQA), has announced first oil from the new Cladhan field development in the UK North Sea. The field is developed as a subsea ti.........
see more >>RIYADH (Bloomberg) -- Saudi Arabia, the worlds biggest crude exporter, continues to cut its dependence on oil revenue due to the slump in oil prices, even as the kingdom keeps boosting produ.........
see more >>HOUSTON (Bloomberg) -- Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas. At least nine.........
see more >>NEW YORK (Bloomberg) -- The days of empty oil tankers leaving the Houston Ship Channel are over. Now that the U.S. has ended crude export restrictions after 40 years, tankers bringing crude .........
see more >>HOUSTON -- Enterprise Products Partners has secured its first contract to export crude oil produced in the U.S. under a law enacted last week. The law, which was signed by President Obama on.........
see more >>HOUSTON -- Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. T.........
see more >>LONDON (Bloomberg) -- Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further s.........
see more >>DUBAI (Bloomberg) -- The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the countrys cr.........
see more >>ALGIERS (Bloomberg) -- Algerias state oil producer Sonatrach Group plans to raise crude output by 5% next year and offer energy-exploration rights to foreign companies by the end of March, s.........
see more >>MEXICO CITY (Bloomberg) -- The opening of Mexicos oil industry is warming up after a slow start. Mexico awarded all of its 25 onshore fields auctioned Tuesday, defying the six-year low in cr.........
see more >>OSLO, Norway (Bloomberg) -- The collapse of oil prices has claimed its first bankruptcy victim in Norways offshore industry, and analysts warn more may follow. Dolphin Group ASA, a seismic s.........
see more >>WASHINGTON (Bloomberg) -- House Democrats are now open to lifting the 40-year-ban on U.S. crude-oil exports, negotiating with Republicans in hopes of extracting trade-offs in exchange for a .........
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