LOS ANGELES (Bloomberg) -- Saudi Arabias energy minister said an oil-output freeze would be positive if it happens, while ruling out a cut in production. Irans oil minister became the latest OPEC member to say he will attend a meeting of pr...

NEW YORK (Bloomberg) -- Oil resumed its drop after industry data showed U.S. stockpiles rose, keeping inventories at the highest seasonal level in at least 30 years as peak summer demand in the worlds largest consumer of the fuel nears its...

PORT MORESBY, Papua New Guinea (Bloomberg) -- Oil Search Ltd. said development of a second standalone LNG export terminal in Papua New Guinea is unlikely with Exxon Mobil Corp. and Total SA expected to favor cooperation to expand the existi...

NEW YORK (Bloomberg) -- Oil retreated, halting the longest run of gains in four years as Iraq sought to increase exports amid a global oversupply and Nigerian militants called an end to hostilities. Futures fell 3% in New York after climbin...

WASHINGTON, D.C. (EIA) -- Crude oil production disruptions in Nigeria reached 750,000 bpd in May 2016, the highest level since at least January 2009. The increased disruptions come as militants continue to focus attacks on oil and natural g...

SINGAPORE (Bloomberg) -- The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with a...

NEW YORK (Bloomberg) -- The long decline in Venezuelas oil production is becoming a supply risk for international markets, according to a report by Columbia Universitys Center on Global Energy Policy. Exports from the holder of the worlds l...

NEW YORK (Bloomberg Gadfly) -- As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8% over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday...

NEW YORK (Bloomberg) -- Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled its prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market. Futures rose...

PARIS (Bloomberg) -- Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy Agency predicted. Refiners around the wor...