Petroleum

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The oil industry is set to further reduce spending this year as crude prices remain low, according to...

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Oil traded below $31/bbl after U.S. crude stockpiles rose to the highest in more than eight decades as...

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Oil pared gains after a government report showed U.S. crude inventories advanced to an 86-year high as imports...

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The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March...

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Bolivian national oilfields company YPFB has commenced operations at the Rio Grande liquefied natural gas (LNG) plant with...

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Chevron Corp. reported its first quarterly loss in more than 13 years on Friday as the oil producer...

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Oil pared gains near a three-week high as Russia said that although it’s prepared to discuss output with the...

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Cnooc Ltd., China’s biggest offshore oil and gas producer, plans to trim output for the first time in...

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Iran’s oil ministry issued an order to increase production by 500,000 bpd as the country moved ahead with...

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Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives...

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JX Nippon Exploration and Production (UK) has contracted Odfjell Drilling's semi-submersible rig Deepsea Stavanger to drill a well...