NEW YORK (Bloomberg) --The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels. The Energy Information Administration sees net imports of crude and petroleum product...

SINGAPORE and LONDON (Bloomberg) -- Oil traded near $68/bbl amid growing expectations that U.S. President Donald Trump will withdraw from a nuclear accord with Iran, threatening crude exports from OPECs third-largest producer. Futures in Ne...

DUBAI (Bloomberg) --Bahrain, one of only three Middle East oil exporters that needs crude above $100 to break even, will soon be part of another short list: the triple-digit debt club. The smallest oil producer in the Persian Gulf will join...

NEW YORK (Bloomberg) --Theres a downside to oil prices being up that could cost the industry more than $7 billion. When crude markets slumped, explorers used hedging contracts to lock in payments for future barrels to ride out prices that f...

LONDON (Bloomberg) --Big Oils investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback. Theyre willing to punish companies that dont meet their standards, and their standards are awfully...

LONDON (Bloomberg) --Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea. Futures in New York slippe...

SINGAPORE (Bloomberg) --The U.S. looks likely to overtake Saudi Arabia to become the worlds biggest oil exporter next year, according to Citigroup Inc. With American production surging to unprecedented levels as OPEC continues curbing outpu...

TOKYO (Bloomberg) --Oil held losses below $68/bbl after French President Emmanuel Macron called for a new Iran nuclear deal to keep the U.S. on board, raising speculation sanctions on the OPEC producer may be averted. Futures in New York we...

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt. SDX holds a 50% working interest and is joint op...

DUBAI (Bloomberg) --Saudi Aramco, the worlds biggest oil exporter, plans to trade as much as 6 MMbpd, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products. The trading arm of the state...