LONDON (Bloomberg) --The outlook for oil is still bullish even if OPEC accedes to U.S. pressure to boost supply, Goldman Sachs Group Inc.s top commodities analyst said. The U.S. government has quietly asked Saudi Arabia and some other produ...

ABUJA (Bloomberg) --Nigerias oil wells may be flowing again, but the countrys largest operator says attacks continue to put a brake on output. Security in parts of the Niger delta remains a major concern with persisting incidents of crimina...

NEW YORK (Bloomberg) --Crude fell for a fifth straight day as the market weighs the prospects of rising production from Saudi Arabia and Russia. Futures fell 1.7% in New York to their lowest level in six weeks. Saudi Arabia and Russia last...

LONDON (Bloomberg) --When Saudi Arabia and Russia announced a new policy to revive oil production last week, one thing was missing: most of the other partners in their grand coalition. With oil supplies tightening and prices soaring, the tw...

NEW YORK (Bloomberg) --Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table. West Texas Intermediate futures slipped as much as 1.8% on...

LONDON (Bloomberg) --Some options traders are betting on $100 oil again. Whether its the specter of sanctions on Iran, Venezuelas output plunge, or a momentum play on the back of the past years 46% surge in Brent, there are now the equivale...

OSLO (Bloomberg) --Norways $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. The fund won support from key academics at Norways top universities, whose responses are part of a hearing pro...

MOSCOW -- Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil production of 480,000 bpd will be reached in 2020 and 800...

WASHINGTON (Bloomberg) --As Alaskas congressional delegation worked feverishly last year to achieve the decades-long dream of drilling for oil in the Arctic National Wildlife Refuge, they came across a formidable opponent: Canada. The Canad...

LONDON and SEOUL (Bloomberg) -- Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trumps decision to wit...