LONDON (Bloomberg) -- A meeting in Algiers at the end of September between OPEC and Russiawhich together pump more than half the worlds oilhas raised expectations that a deal could be struck to boost prices. Oil is still trading at half its...

LONDON -- GE Oil Gas has signed a major agreement with MODEC, an owner/operator and EPCI general contractor of floating production systems, to supply and service gas turbines for FPSOs in Brazil. MODEC ordered GE gas turbines for eight FPSO...

LONDON (Bloomberg) -- An international agreement to cap crude-oil output in a way that would restrict actual supply and support prices looks no nearer after the two largest producers pledged to cooperate. Most members of the Organization of...

SINGAPORE (Bloomberg) -- As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says its ready to pump more. The OPEC member can raise production to 4 MMbpd in two to three...

HANGZHOU, China (Bloomberg) -- Global oil-market stability is impossible without the cooperation of Russia and Saudi Arabia, the worlds biggest crude producers, the kingdoms influential deputy crown prince said, speaking with Vladimir Putin...

STAVANGER, Norway (Bloomberg) -- The worst has passed for oil prices, which are now too low to ensure investment in the new supplies needed during the rest of the decade, IHS Markit Ltd.s Vice Chairman Daniel Yergin said. Crude futures, tra...

From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country. Record purchases this year...

STAVANGER, Norway (Bloomberg) -- Natural gas is rapidly becoming one of the most traded global commodities, but that doesnt mean it will have a global price, according to Royal Dutch Shell. While the fuel can be transported anywhere on LNG...

NEW YORK (Bloomberg) -- Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23% in less than three weeks as some OPEC mem...

NEW YORK (Bloomberg Gadfly) -- When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time both countries may be more acco...