MOSCOW (Reuters) - Russias largest oil producerRosneftsaid on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Wes...

NEW YORK (Reuters) - Oil prices crept higher on Monday in quiet trade that featured bargain hunting after prices slid last week and hit seven-month lows, but gains were limited by rising crude supply in the United States and other countries....

NEW YORK, June 21 (Xinhua) -- U.S. stocks closed mixed Wednesday as investors digested a sharp decline in oil prices amid upbeat economic data. The Dow fell 0.27 percent, and the SP 500 dipped 0.06 percent, while the Nasdaq added 0.74 percen...

NEW YORK, June 19 (Xinhua) -- Oil prices settled lower Monday as worries about a global supply glut weighed on the market. The West Texas Intermediate for July delivery decreased 0.54 U.S. dollar to settle at 44.20 dollars a barrel on the Ne...

LONDON (Bloomberg) --Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OPEC would have hoped for when the group set out last...

MOSCOW, June 18 (Xinhua) -- Russias oil giant Rosneft said Sunday it had discovered a new oil field near the Laptev Sea, which could be the biggest on the shelf. Rosneft said in a statement that it had discovered new hydrocarbon deposits wh...

NEW YORK, June 14 (Xinhua) -- Oil prices held big losses on Wednesday as weekly data showed an unexpectedly increase in U.S. gasoline inventories. The West Texas Intermediate for July delivery lost 1.73 U.S. dollars to settle at 44.73 dolla...

Lebanons Energy and Water Minister Cesar Abou Khalil speaks during the thirdLebanonInternationalOiland Gas Summit in Beirut,LebanonMay 9, 2017. (Xinhua/Reuters Photo) BEIRUT, June 13 (Xinhua) -- Visiting Cyprus Foreign minister Ioannis Kaso...

NEW YORK, June 12 (Xinhua) -- Oil prices settled higher Monday on signs of U.S. stockpile declines. The West Texas Intermediate for July delivery rose 0.25 U.S. dollar to settle at 46.08 dollars a barrel on the New York Mercantile Exchange,...

MOSCOW, June 9 (Xinhua) -- Russias economy has recovered despite Western sanctions and low oil prices, Russian central bank governor Elvira Nabiullina said Friday. The Russian economy has begun to grow. Production and investment have been gr...