NEW YORK, Aug. 24 (Xinhua) -- Oil prices fell on Thursday as some U.S. refineries shut operations ahead of Tropical Storm Harveys landfall. The West Texas Intermediate for October Delivery lost 0.98 dollar to settle at 47.43 dollars a barrel...

NEW YORK, Aug. 18 (Xinhua) -- Oil prices rose on Friday as a weak dollar spurred market appetite for the dollar-priced oil. The West Texas Intermediate for September Delivery added 1.42 dollar to settle at 48.51 dollars a barrel on the New Y...

NEW YORK, Aug.16 (Xinhua) -- Oil prices declined on Wednesday after the release of key oil inventory data. The West Texas Intermediate for September Delivery erased 0.77 dollar to settle at 46.78 dollars a barrel on the New York Mercantile E...

HOUSTON -- The U.S. Gulf of Mexico region wide Lease Sale 249 was held today, Aug. 16, 2017. It attracted 99 bids from 27 participating companies, with high bids totaling $121 million. Activity is down by roughly half from Central Lease Sale...

NEW YORK, Aug. 14 (Xinhua) -- Oil prices declined on Monday as a stronger dollar spurred market sentiment for dollar-priced oil. The West Texas Intermediate for September Delivery erased 1.23 dollar to settle at 47.59 dollars a barrel on th...

NEW YORK, Aug. 11 (Xinhua) -- Oil prices edged up on Friday as dollar weakened, but posted second straight weekly lost as global glut persists. The West Texas Intermediate for September Delivery added 0.23 U.S. dollar to settle at 48.82 dol...

The 9 th China (Shanghai) International Petrochemical Technology Equipment (abbr. cippe) will be held on August 23-25 at the Shanghai New International Expo Center, China. The exhibition area of nearly 38,000 sqm, is expected to attract 500...

RIYADH, Aug. 10 (Xinhua) -- Saudi Arabia and Iraq have affirmed their full commitment to reducing oil production to ensure oil market stability, local media reported Thursday. Saudi Crown Prince Mohammed bin Salman discussed enhancing bilat...

HOUSTON -- Patterson-UTI Energy has reported that for the month of July 2017, the company had an average of 162 drilling rigs operating, including 159 in the U.S. and three rigs in Canada. For the month of June 2017, the company had an aver...

NEW YORK (Bloomberg) --Oil edged higher as traders weighed a decline in U.S. crude stockpiles with an unexpected increase in gasoline supplies. Futures closed 0.8% up, after swinging between gains and losses during the session in New York. W...