Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.
Andy Hall, the oil trader known to many as "God", said he decided to close his flagship hedge fund amid a deteriorating outlook for prices next year and the “frustrating” dominance of algorithmic traders.
Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices.
Norway’s oil industry says it has some major investments in store if the government can just come through with some tax incentives.
Oil traded near $49 a barrel as Libyan output and exports declined amid security threats and tension among port workers.
Should US President Donald Trump unleash “fire and fury” on North Korea, it will bring conflict to the core of the global commodity trade.
India's Oil and Natural Gas Corporation plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.
Oil investors are back to being sceptical over whether OPEC-led production cuts are draining a global glut fast enough, keeping prices below $49 a barrel and driving crude toward a second weekly loss.
OPEC boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.
Oil extended declines for a third day amid speculation that a predicted gain in U.S. output will offset OPEC-led efforts to trim a global glut.
Saudi Arabia is said to have cut crude sales for next month to some buyers in the world’s biggest oil market, limiting sales to prized buyers as part of its pledge to curb exports and shrink a global glut.
Libya’s biggest oil field Sharara is “back to normal” after a disruption caused by protests in the politically fragmented country, the state National Oil Corp. said.
Norway’s oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming.
Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production.
Oil pared a weekly decline as strong U.S. jobs growth improves the outlook that rising demand may counter the supply glut roiling the market since 2014.
Oil is back down again this week following the year’s biggest rally as investor focus shifted to rising output from the US and OPEC, away from a seasonal increase in American fuel demand.
The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land.
Oil producers who for years tracked top OPEC member Saudi Arabia to help set the price of their crude could now be looking to go solo.
The frantic shale race may be causing some long-term damage to assets in the Permian and other major U.S. oil fields.
Saudi Arabia aims to sell about 5 percent of Saudi Aramco in an initial public offering next year, and stock exchanges from the U.K. to Japan are vying for what may be the world’s richest IPO.
US oil traded near $49 a barrel as investors await U.S. data following a report inventory unexpectedly expanded last week.
Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn.
Looking to buy two half-finished nuclear reactors? It may be your lucky day.
Oil closed above $50 a barrel in New York for the first time in two months as OPEC reduces shipments to the U.S. and is set to meet with allies.
Billionaire pipeline magnate Kelcy Warren, who just months ago defeated environmentalists to finish his controversial Dakota Access oil pipeline, has stepped into the limelight once again -- this time, to defend a natural gas line being built across the eastern U.S.
