Oil

Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to ExxonMobil Corp., the

Crude traders are skeptical that the accord loosening some economic sanctions against Iran in return for limiting nuclear work will lead to a surge in oil

The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades,

What do the Chinese cities of Qingdao, Ningbo and Dalian have in common and what's the quickest way of getting from one to the

By Kristen Hays and Terry Wade CORPUS CHRISTI, Texas, Oct 28 (Reuters) – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in

Oct. 22 (Bloomberg) — OAO Rosneft outlined a deal to supply China Petrochemical Corp., or Sinopec, 100 million metric tons of crude during 10 years as

By Jeb Blount and Sabrina Lorenzi RIO DE JANEIRO, Oct 21 (Reuters) – Brazilian state-run energy company Petrobras teamed up with European oil majors and

RIO DE JANEIRO, Sept 20 (Reuters) – Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the

By Balazs Koranyi and Michael Shields OSLO/VIENNA, Aug 19 (Reuters) – Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV

Aug. 9 (Bloomberg) — China will surpass the U.S. by October to become the world’s biggest net oil importer on a monthly basis, the Energy

GENEVA, Aug 9 (Reuters) – Nigeria will export four cargoes of Bonny Light crude oil in September, a shipping list showed, boosting monthly exports for

July 29 (Bloomberg) — Prince Alwaleed bin Talal, the billionaire owner of stakes in Citigroup Inc. and Time Warner Inc., has written publicly to Saudi

July 23 (Bloomberg) — The Angolan capital Luanda has overtaken Tokyo to become the world’s most expensive city for expatriates in a survey of 214

By Emma Farge GENEVA, July 16 (Reuters) – Angola’s monthly crude exports will slip in September to 1.67 million barrels per day (bpd), a

July 8 (Bloomberg) — West Texas Intermediate crude fluctuated near a 14-month high as U.S. equities climbed while ship traffic in Egypt’s Suez

By Fredrik Dahl VIENNA, June 30 (Reuters) – The top U.S. energy official said he believed the oil market could cope with any further reduction of

Russia's Rosneft has agreed to a $270 billion deal to double oil supplies to

(Bloomberg) Charter rates for the largest oil tankers hauling Middle East crude to Asia slid the most since January this week as the supply of cargoes

BEIJING, May 28 (Reuters) – Top state energy group China National Petroleum Company has completed six oil storage tanks on an island off western Myanmar

(Bloomberg) — Saudi Arabian Oil Co. production rose to a record 9.51 million barrels a day of oil last year, the company said in its annual review.