oil prices

Some of the world's largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global

Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an

Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and a sluggish demand

Add oil shippers to the list of winners from this year’s collapse in

Nils Smedegaard Andersen, the chief executive officer of A.P. Moeller-Maersk A/S, says today’s oil price isn’t a problem for companies with the scope to

Everyone in the oil market should stop panicking because crude supply and demand will return to equilibrium, OPEC’s Secretary-General

High-cost energy projects globally will struggle to stay profitable if crude oil prices stay around $80 a barrel to $85 a barrel and some proposed developments

By Oleg Vukmanovic MILAN, Oct 21 (Reuters) – Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States