NEW YORK (Bloomberg) --Betting on price swings in oil costs the least in three years before next weeks OPEC meeting. Implied volatility of options on second-month West Texas Intermediate futures sank to 20.94% Friday, the lowest level since...

LONDON -- BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others...

NEW YORK, Nov. 20 (Xinhua) -- Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week. The West Texas Intermediate for December Delivery lost 0.46 doll...

NEW YORK, Nov. 17 (Xinhua) -- Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply. The West Texas Intermediate for December delivery was up 1.41 U.S. dollar to settle at 56.55 dollars a barrel on the New...

NEW YORK (Bloomberg) --Short-selling is rearing its head in the oil marketagain. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit...

STAVANGER -- The Norwegian Petroleum Directorate has granted consent for start-up of production from the Maria field in the Norwegian Sea. The development will come on stream almost one year ahead of the original plan, at reduced costs and w...

NEW YORK, Nov. 14 (Xinhua) -- Oil prices declined on Tuesday after a report showing downward global demand raises concerns. The West Texas Intermediate for December delivery was down 1.06 U.S. dollars to settle at 55.70 dollars a barrel on...

NEW YORK, Nov. 13 (Xinhua) -- Oil prices settled mixed on Monday as geopolitical tension in Middle East offsets rising U.S. output. The West Texas Intermediate for December delivery was up 0.02 U.S. dollar to settle at 56.76 dollars a barre...

NEW YORK -- Hess Corporation has released a statement about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damag...

HOUSTON and NEW YORK (Bloomberg) --Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 MMbpd next year, the lowest compared with official government da...