DUBAI (Bloomberg) -- Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and natural gas prices crimped revenue. The shares fell for the first time this we...

NEW YORK (Bloomberg) -- Hedge funds have gone all-in on lower oil prices, counting on seasonal weakness to play out again this year. Money managers increased wagers on declining crude prices to a record as futures dropped to the lowest in m...

NEW YORK (Bloomberg) -- Oil traded near the highest in two-weeks as investors weighed whether OPEC members will be able to agree on any production limits when they hold informal talks in Algiers next month. Futures slipped 0.3% in New York...

Libya starts work at biggest oil port in step to increase output By HATEM MOHAREB, SALMA EL WARDANY on 8/7/2016 RAS LANUF, Libya (Bloomberg) -- Libya has started maintenance work at Es Sider port, the nations largest oil export terminal, as...

VIENNA, Austria (Bloomberg) -- Oils climb above $100/bbl before prices crashed in 2014 was driven by abnormal conditions that couldnt last, according to OPECs new Secretary-General. The skyrocketing of prices that pushed crude as high as $1...

TEHRAN (Bloomberg) -- Iran approved an outline for a new oil contract model, taking the OPEC member a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market. The outl...

NEW YORK (Bloomberg) -- OPECs crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petrole...

LONDON -- Personal safety performance across oil and gas operations on the UK Continental Shelf (UKCS) continued to improve in 2015, according to the 2016 Oil Gas UK Health Safety Report published Monday. There were no reported fatalities a...

HOUSTON (Bloomberg) -- Exxon Mobil Corp. and Royal Dutch Shell Plc this week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.s third straight loss marked the longest slump in 27 years, and BP Plc lodg...

THE HAGUE, Netherlands (Bloomberg) -- Royal Dutch Shell reported the lowest quarterly earnings in 11 years and missed estimates by more than $1 billion as a mix of lower energy prices, weaker refining margins and production halts weighed on...