NEW YORK, June 9 (Xinhua) -- Oil prices settled mildly higher Friday as investors bought the dip after previous two-days sharp declines. The West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at 45.83 dollars a ba...

YANGON, June 8 (Xinhua) -- Some oil spots of the missing Myanmar military airplane have been found at a sea area, according to a release of the Defense Services Office on Thursday. The oil spots were found in waters 16 nautical miles southwe...

NEW YORK, June 6 (Xinhua) -- Oil prices rallied Tuesday as investors bet that official data scheduled for release Wednesday will show a ninth straight weekly decline in U.S. crude stockpiles. The West Texas Intermediate for July delivery ro...

NEW YORK, June 5 (Xinhua) -- Oil prices settled lower Monday as geopolitical tensions in the Middle East raised market concerns. The West Texas Intermediate for July delivery lost 0.26 U.S. dollar to settle at 47.40 dollars a barrel on the N...

IRVING, Texas -- Exxon Mobil Corporation has announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a de...

HANOI, June 2 (Xinhua) -- Vietnam will further tap oil, gas, coal and other minerals to help realize its economic growth of 6.7 percent set for this year, the countrys Ministry of Industry and Trade said on Friday. The ministry has been inst...

HOUSTON (Bloomberg) --Theres a loud sucking sound coming from the depths of oil storage tanks across the United States. The combined effort of American drivers, gung-ho refiners and exporters are starting to reduce the nations oil stockpiles...

TEHRAN, May 31 (Xinhua) -- Irans non-oil gross domestic product (GDP) has shown 6.3 percent growth during the past Iranian calendar year (March 2016-March 2017), the Statistical Center of Iran said, according to Tehran Times daily report on...

A staff member inspects China-Myanmar crude oil pipeline in Ruili, southwest Chinas Yunnan Province, May 19, 2017. The first crude oil from Myanmar has reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corpora...

LONDON and KUWAIT (Bloomberg) --After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans tomarkedly reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude invento...