Malaysia’s state oil company is considering delaying a Canadian liquefied-natural gas project over concerns about oversupply and cheap competing fuels, according to two people familiar with the matter. Petroliam Nasional Continue Reading
Rig company Transocean said it consolidated its holdings and said Monday it grabbed a majority interest in three additional offshore drilling assets. Transocean said it agreed to acquire any outstanding Continue Reading
Production climbs 1.8% to 10.85 million barrels a day Weaker ruble and progressive taxes bolster Russian output Russian oil output rose 1.8 percent in July, extending a run of year-on-year Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. Oil rose on Monday, driven by new orders as traders Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
Speculators add record number of bearish WTI crude wagers Crude, gasoline supply at highest seasonal level in decades Money managers have never been more certain that oil prices will drop. Continue Reading
Oil prices are down roughly 20 percent from their high watermark for the year, reached in June, and the next steps could be dicey as a bear market forms. Crude Continue Reading
Local IS sleeper cell blamed for twin attacks on Kirkuk energy plants Further detail of how IS stormed AB2 and Bai Hassan facilities Severe damage to Bai Hassan South complex, Continue Reading
Libyan oil production and export has been… Libya’s state-controlled National Oil Co. said it was taking steps to restart exports from three blocked oil ports after the government reached a Continue Reading
