DUBAI (Bloomberg) -- Irans success in boosting crude output to the most since late 2011 is no incentive for it to join OPEC partners in curbing production to shore up prices. With crude rallying, analysts see no immediate need for action. O...

NEW YORK (Bloomberg) -- Oil climbed after a government report showed that U.S. crude inventories unexpectedly declined. Futures rose as much as 3.3%. Crude stockpiles fell 3.41 MMbbl last week, the U.S. Energy Information Administration sai...

NEW YORK (Bloomberg) -- Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story. Prices have gained about 30% from a 17-year low in Marc...

RIO DE JANEIRO (Bloomberg) -- Political turmoil in Brazil shouldnt stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the state-controlled drillers Bauna offshore field. An imp...

RIYADH (Bloomberg) -- Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the worlds largest exporter sticks with his predecessors policy of defending market shar...

OKLAHOMA CITY (Bloomberg) -- Chesapeake Energy Corp. surged after the shale gas explorer signed a deal to sell Oklahoma drilling rights to Newfield Exploration Co. for $470 million. The deal brings total asset sales announced so far this ye...

RIO DE JANEIRO (Bloomberg) -- Petrobras has agreed to sell assets in Argentina and Chile for about $1.4 billion, as Brazils state-controlled oil producer looks to raise cash and focus on deepwater projects in Brazil. The Rio de Janeiro-base...

HOUSTON -- When OPEC members couldnt agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartels reign as the worlds energy swing producerleaving the door open for American shale produce...

NEW YORK (Bloomberg) -- Oil declined for a second day as Iraqs exports approached a record high in April, adding barrels to a worldwide supply glut that has pushed prices lower. Futures settled below $45/bbl in New York after rallying to a...

HOUSTON (Bloomberg) -- Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount. Schlumbergerafter posting its first North American operating loss since at least the...