Abu Dhabi seeks to shift oil markets with its own crude benchmark

DUBAI (Bloomberg) - The Middle East produces a fifth of the world’s oil, but the region’s never had a benchmark price that competes with London’s Brent or New

see more >>

Jersey Oil and Gas details Buchan’s "significant" resources

ST. HELIER -- Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea

see more >>

Oil moves higher as market eyes trade talks later this week

SINGAPORE (Bloomberg) - Oil gained after its biggest weekly slump since July ahead of the resumption of U.S.-China trade talks that may sway a cloudy demand outlook

see more >>

Oil stabilizes amid mixed reports over pace of Saudi recovery

NEW YORK (Bloomberg) - Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production.Brent crude was little changed, after falling

see more >>

Saudi Arabia partially restores output at damaged oil plant

DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility

see more >>

ExxonMobil finds more oil offshore Guyana at Tripletail

IRVING, TEXAS - ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated

see more >>

U.S. oil companies set to benefit from Saudi supply disruption

NEW YORK (Bloomberg) --Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices

see more >>

Egypt expects first Israeli gas by year-end, oil minister says

ABU DHABI (Bloomberg) - Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North

see more >>

Voters deliver warning to Norway’s oil industry

OSLO (Bloomberg) - Norwegian voters have fired a warning shot at the country’s oil industry.Parties that want to rein in the country’s golden goose made significant gains in Monday’s local

see more >>

Oil rises as new Saudi minister signals OPEC+ cuts to continue

TOKYO (Bloomberg) - Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi

see more >>