CAIRO and LONDON (Bloomberg) --PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring a recovery in the North African countrys production even as...

HOUSTON (Bloomberg) --Chevron Corp.s youngest director questioned the future of an industry the worlds third-largest oil explorer helps lead. Dambisa Moyo, an economist and author who joined Chevrons board in October 2016, on Wednesday twee...

MEXICO CITY (Bloomberg) --Industry observers have serious doubts about the Mexican presidential front-runners plan to build new refineries that could cost $6 billion to $10 billion. Leftist leader Andres Manual Obradors proposal comes as th...

LONDON (Bloomberg) --For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat:its on the brink of becoming a net crude oil exporter for the first time in 14 years. To put the milestone into...

LONDON (Bloomberg) -- Oil headed for a second weekly increase as a surprise pullback in U.S. crude inventories compounded signs that a global glut is easing. Futures in New York are up 1.7% this week after closing at the highest level in tw...

DUBAI (Bloomberg) --A Libyan oil field halted production due to a labor dispute, underscoring the still-fragile nature of the North African countrys recovery from a domestic conflict. The company operating the 70,000-bpd El-Feel deposit, al...

SINGAPORE (Bloomberg) -- Even Saudi Arabia wants in on the U.S. oil boom. The kingdoms state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit before determining it wasnt economically viable,...

BEIJING and SHANGHAI (Bloomberg) --After a wait of about a quarter of a century, the worlds biggest oil buyer is finally getting its own crude-futures contract. In a challenge to the worlds dollar-denominated oil benchmarks Brent and West T...

SINGAPORE (Bloomberg) --Oil headed toward its worst week in almost a year as the global risk-asset rout further rankled investors already concerned over growing U.S. supply. Futures traded in New York are on track to post a 7.5% slump this...

NAIROBI (Bloomberg) --Kenya halved the amount of revenue it will distribute to local communities once commercial oil production starts, setting up a potential dispute with residents of its economically deprived northern Turkana region. The...