Mexico's Grupo IDESA, along with its Canadian partner, expects to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico's oil regulator,
Mexico's Alpek SA de CV is expected to offer up to $700 million for Brazilian state-run oil company Petroleo Brasileiro SA's petrochemicals units in the northeastern state of Pernambuco,
Libya's U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports
Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent,
Gulf Petrochem Group, the UAE based global bunker supplier, has today announced that it is now officially offering physical bunker supply in the port of Rotterdam,
During the last year, China’s “teapot” refiners are helping to boost China’s crude import demand and their influence is expanding, says Clarkson Research Services.
The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that
Brazil's Barra Energia do Brasil Petróleo e Gás, which owns 10 percent of the giant Carcara offshore oil prospect, will study invoking its right of first refusal
Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.
U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast
OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional
The retail price of petrol in South Africa will decrease by 7.4 percent from August 3, while the price of wholesale diesel will go down by 6.3 percent, the energy department said on Friday.
Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a quarterly loss due to the impact of wildfires in Fort McMurray, Alberta.
U.S. banks are weighted down by loans to the struggling energy industry and risky credits to the commercial sector but underwriting standards improved early this year,
Poland's dominant gas firm plans to spend up to 750 million zlotys ($192.1 million) on share buyback that it wants to complete by the end of the year, the company said on Friday.
An estimated maximum potential of 840 gallons of crude oil reportedly discharged from a flowline, owned by Texas Petroleum Management, into a marsh near Southwest Pass, Thursday.
Chevron Corp, the second-largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income.
Cancelled order part of Statoil's Bressay project.
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)
MidEast, West Africa rates hit 11-month low.
Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next
Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit tumbled 59 percent due to the slump in crude prices.
The company posted net income of $1.