Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production ...
Oil prices were stable on Monday, supported by supply concerns in the Middle East and declining US drilling activity, although analysts warned that the United States market may not be tightening by as much as expected.
China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing's participation in new UN sanctions intended to rein in its rogue neighbour.
Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years, Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), said ...
Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.
French oil giant Total said Monday that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).
The Iranian parliament voted on Sunday to keep the oil and foreign ministers, two of pragmatist President Hassan Rouhani's key members of cabinet, in their posts.
Kuwait has begun injecting chemicals into complex oil reservoirs to extract heavier grade oil, in the first operation of its kind in the Middle East, state-owned Kuwait Oil Co said on Sunday.
French energy giant Total is to sign a $4.8 billion agreement to develop an Iranian offshore gas field, the oil ministry said Sunday, in the biggest foreign deal since sanctions were eased.