NEW YORK, Dec. 7 (Xinhua) -- Oil prices rose more than 1 percent on Thursday, as investors covered short positions after sharp losses in the previous session. The West Texas Intermediate for January delivery increased 73 U.S. cents to settle...

CAIRO and LONDON (Bloomberg) --OPEC appeared to score a diplomatic coup last week by persuading Libya, its most troubled member, to accept production limits. In reality, the agreement probably means little for the oil market. The Organizatio...

NEW YORK, Dec. 5 (Xinhua) -- Oil prices edged higher on Tuesday amid strong demand and a deal to extend oil output cuts. The West Texas Intermediate for January delivery increased 0.15 U.S. dollar to settle at 57.62 dollars a barrel on the N...

NEW YORK, Dec. 4 (Xinhua) -- Oil prices retreated on Monday, as investors were looking for excuses to lock in gains after recent solid gains. The West Texas Intermediate for January delivery decreased 0.89 U.S. dollar to settle at 57.47 dol...

ST. LOUIS -- Emerson has announced it has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. The combination of Paradigm with Emersons Roxar software business creates a comprehensive Exploration...

HOUSTON (Bloomberg) --Chevron Corp. may accelerate dividend growth over the next two years thanks to megaprojects that are already in the budget, according to one of the top-rated analysts following the oil explorer. With earnings from massi...

NEW YORK, Nov. 29 (Xinhua) -- Oil prices extended losses Wednesday as traders digested the newly-released U.S. crude stockpile data. The West Texas Intermediate for January delivery decreased 69 U.S. cents to settle at 57.30 dollars a barrel...

NEW YORK, Nov. 28 (Xinhua) -- Oil prices continued to fall Tuesday as a stronger U.S. dollar made the greenback-denominated oil less attractive for holders of other currencies. The West Texas Intermediate for January delivery decreased 12 U...

IRVING, Texas -- ExxonMobil Corporation has announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 bopd. Discovered in 1980, Hebron field is estimated to contain...

NEW YORK, Nov. 27 (Xinhua) -- Oil prices declined Monday as investors awaited the OPEC (Organization of the Petroleum Exporting Countries) meeting scheduled to begin Thursday. The West Texas Intermediate for January delivery decreased 0.84 U...