Oil

  Norwegian platform supply vessel owner World Wide Supply says that the weak spot market in the UK sector of the North Sea has forced it to lay-up two

  By Naomi Christie (Bloomberg) — Oil traders are asking about options to store crude at sea, a development that could help rates for tankers to

  By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, said first-half profit slumped as higher output and lower

  By Angelina Rascouet and Manisha Jha (Bloomberg) — Demand for oil services is rising in the Middle East even as the rout in crude prices forces

  By Mark Shenk (Bloomberg) — Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies

By Mark Shenk (Bloomberg) — Oil climbed amid speculation that its drop below $50 a barrel is excessive given projections that U.S. supply will decline.

  By Joe Carroll and Dan Murtaugh (Bloomberg) — Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a

By Jonathan Saul LONDON, July 16 (Reuters) – An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters

By Ron Bousso LONDON, July 14 (Reuters) – Mediterranean refiners are gearing up to welcome the return of Iranian crude oil to the market which could push

  July 14 (Reuters) – Iran and six world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that

China’s anti-corruption investigators continued to zero in on the nation’s oil giants, calling on two of its biggest state-owned companies to review their

Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be

The United States must lift an "outdated" ban on oil exports to take full economic and geopolitical advantage of its hydraulic fracturing boom, according to a

British oil major BP and China's Sinopec Fuel Oil are starting a Singapore-based joint venture in ship fuel storage and sales, BP said in a statement on

Saudi Arabia shipped more crude in March than in any month since November 2005 as the world’s biggest oil exporter battled for market share amid a global

Oil bulls who’ve cheered a rebound of 40 percent from a six-year low should take heed: Unless demand accelerates, the rally is in

Saudi Arabian Oil Co., the world’s largest oil exporter, is planning to spend between $70 billion and $80 billion on overseas acquisitions and investments

Saudi Arabia is spending generously now on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to

The U.S. will become one of the world’s largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps

Oil traders are mispricing crude futures for later this decade because they’re underestimating how a collapse in spending will affect supplies, according to