LONDON (Reuters) -- Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the worlds largest producers could act to boost pric...

LONDON (Reuters) -- Oil prices fell around 3% on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. Brent for April delivery was down $1.01 at $33.23/b...

TEHRAN (Dow Jones) -- Iran is struggling to finalize the terms under which foreign energy companies can drill for oil there, as a political battle rages between the countrys more moderate forces and its conservative hard-liners. Iranian oil...

HOUSTON -- As oil prices continue to decline, North American EP companies have hedged just 15% of their total production volumes for 2016, including 14% of oil and 18% of natural gas, leaving the companies largely exposed to current depress...

ST PETERSBURG, Russia/DUBAI (Reuters) - Russia said on Thursday that OPEC had proposed oil production cuts of up to 5% in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices. It rem...

WASHINGTON (Bloomberg) -- Oil resumed its decline near $30/bbl after U.S. industry data showed crude stockpiles increased, exacerbating a global glut. Futures slid as much as 3.7% in New York. Inventories surged by 11.4 MMbbl last week, the...

WASHINGTON, D.C. -- The World Bank has slashed its forecast for crude oil prices by $14 to $37/bbl for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets. In its annual Commodity Markets Outlook, t...

KUWAIT (Bloomberg) -- The worlds biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabias battle with rivals. Saudi Arabian Oil Co. is maintaining investment in oil and...

LONDON (Bloomberg) -- Pierre Andurand, the founder of the $615 million Andurand Capital Management who correctly predicted the slump in oil prices, said the commodity has probably hit bottom and will end the year higher. The price of oil wi...

SHANGHAI, China (Bloomberg) -- OPECs decision to flood global markets is helping Chinas biggest oil company pump record volumes overseas. China National Petroleum Corp. more than doubled production from Iraq last year as the groups second-b...