Oil

By Matthew Philips (Bloomberg) — On Monday, a construction crew in Alabama triggered a massive explosion when a track-hoe struck the biggest fuel

By Libby George LONDON, Oct 31 (Reuters) – Global oil storage company VTTI launched a new terminal in Croatia on Monday to target oil product demand in

By Amanda Cooper LONDON, Sept 13 (Reuters) – The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets

By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering

BY GWLADYS FOUCHE AND STEPHEN JEWKES (Reuters) European suppliers to the oil industry, hit by their customers’ spending cutbacks over the past two years,

By Rakteem Katakey (Bloomberg) — Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the

By Henning Gloystein, Jane Chung and Osamu Tsukimori SINGAPORE/SEOUL/TOKYO, July 7 (Reuters) – After half a year of strong oil price rises, Asian crude

By Mark Shenk (Bloomberg) — Oil rose to a four-month high in London ahead of a meeting in Doha this month where producers will discuss freezing output.

Oil giant BP decided to take the last Aussie-crewed fuel tanker, the MT British Fidelity, off the Australian coast. The vessel, currently in Singapore, was

Aker Solutions will perform a concept study on a new processing platform for future phases of Johan Sverdrup field in Norway’s North Sea. Under the

By Javier Blas (Bloomberg) — After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable,

By Alaric Nightingale and Alex Longley (Bloomberg) — The world’s biggest oil companies are asking tanker operators to slow down delivery of crude amid

By Rakteem Katakey and Grant Smith (Bloomberg) — Iran’s return to international markets will spur investment in the Persian Gulf nation’s neglected

By Adam Williams (Bloomberg) — While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos

By Jacob Gronholt-Pedersen and Liz Hampton SINGAPORE/HOUSTON, Jan 8 (Reuters) – Oil traders in Asia are running the numbers on importing Alaskan crude,

By Claudia Carpenter, Saleh Sarrar and Hatem Mohareb (Bloomberg) — Libya’s National Oil Corp. issued a “cry for help” as Islamic State militants

By Naomi Christie and Rakteem Katakey (Bloomberg) — Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group

By Jonathan Saul and Libby George LONDON, Nov 13 (Reuters) – As land storage sites worldwide reach brimming point due to a supply glut, tens of millions

  By Saleha Mohsin (Bloomberg) — When Luke Rickert first started as an engineer at Aker Solutions ASA in Oslo, a Norwegian oil services provider,

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S’s oil unit cut $1 billion off its annual budget for capital expenditure after petroleum