HOUSTON (Bloomberg) -- If Big Oil was a two-engine airplane, you could say its been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering. The major integrated oil companies, including Exxon Mobi...

LONDON (Bloomberg) -- BP posted a 45% slump in earnings, pointing to a poor set of results from the industry as oil production barely breaks even and profits from refining sputter. The UK company, the first oil major to report second-quarte...

RIPOLI (Bloomberg) -- Two of Libyas biggest oil ports may not re-open soon as the hardening positions of rival factions pose a fresh challenge to international efforts to reunite the country and restore its crude exports. Shipments from Es...

LONDON (Bloomberg) -- For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices has shown that the glut extends further. As the U.S. shale boom sputters and the nations crude i...

LONDON (Bloomberg) -- For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices has shown that the glut extends further. As the U.S. shale boom sputters and the nations crude i...

SINGAPORE (Bloomberg) -- Keppel Corp., the worlds largest builder of oil rigs, posted a 48% drop in second-quarter profit as oversupply led to delivery delays for offshore projects, and said it doesnt expect demand for rigs to return soon....

MOSCOW (Bloomberg) -- Russian oil output will exceed the former Soviet record set almost 30 years ago by the end of 2018 as low-cost fields allow producers to defy the slump in prices, according to Goldman Sachs Group. Production will climb...

NEW YORK (Bloomberg) -- A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years. The Bahamas-flagged Tianlong Spirit, currently off the coast of California,...

ISTANBUL, Turkey (Bloomberg) -- Oil tankers are loading and unloading cargoes normally at Turkeys ports and sailing without interruption in the nations waters after forces loyal to President Recep Tayyip Erdogan crushed an attempted coup. S...

HOUSTON (Bloomberg) -- Oil producers arent betting on the rally. After surviving two years of low prices, theyre gearing up for a third by buying protection against a renewed downturn. Laredo Petroleum Inc. said July 14 that it hedged more...