ABUJA (Bloomberg) -- Nigerian senators passed a bill to reform the countrys oil and gas industry almost a decade after it was first proposed to lawmakers, Senate President Bukola Saraki said. This is a bill that has been delayed for many ye...

PUTRAJAYA, Malaysia, May 17 (Xinhua) -- Malaysias Plantation and Commodities Minister Mah Siew Keong said on Wednesday that he expects palm oil export to China to further increase this year. Malaysias palm oil export to China from January to...

BEIJING, May 19 (Xinhua) -- The first crude oil from Myanmar has reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corporation (CNPC) announced on Friday. The oil reached Ruili, a city of Yunnan Province border...

THIBODAUX, Louisiana -- Lori LeBlanc, executive director of the Gulf Economic Survival Team, issued the following statement today on the appointment of Louisiana Public Service Commissioner and former Louisiana Department of Natural Resource...

KUWAIT and LONDON (Bloomberg) --OPEC officials gathering in Vienna on Friday to prepare for next weeks ministerial meeting kept their focus on rising U.S. shale oil production, which has been diluting the price impact of their production cut...

RIO DE JANEIRO -- Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basins pre-salt Lula Sul field. Platform P-66, the first FPSO owned by the consortium and the seventh facility...

HOUSTON -- Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesnt think prices will extend beyond the $50-$60/bbl range before the end of the decade. Walker shared his opinions on the current state of the oi...

RIO DE JANEIRO -- Petrobras net income was R$4.4 billion in first quarter 2017, reversing the loss recorded in the same period of last year. This result reflects the companys outstanding operating performance, despite lower demand for oil pr...

TEHRAN, May 11 (Xinhua) -- The U.S. Pall Corporation has reached an agreement with the Iranian Panid Engineering Co. to build a plant for manufacturing filters for Irans oil industry, Tehrans Financial Tribune daily reported on Thursday. Tal...

MOSCOW, May 13 (Xinhua) -- An agreement on oil output cuts reached by major oil-producing countries is likely to be extended for another six months or even longer, Russian Energy Minister Alexander Novak said Saturday. Members of the Organi...