NEW YORK (Bloomberg) -- The Rockefeller Brothers Fund, built with profits from Standard Oil Co., is selling investments in coal and tar sands producers in a move to pressure companies that are contributing to climate change. The fund, found...

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. said the U.S. government is giving the company more time to shut its Russian Arctic well beyond the deadline for sanctions aimed at halting the $700 million project. Exxon asked Washington for...

SYDNEY -- AWE Limited, as operator of the L1/L2 JV, has announced initial Contingent Resource estimates for the Waitsia discovery (formerly Senecio Deep) in the north Perth basin, Australia. The news follows the recently announced upgrade o...

NEW YORK (Bloomberg) -- West Texas Intermediate crude fell from a two-week high after an Energy Information Administration report showed U.S. inventories rose the most in five months. Supplies gained 3.67 MMbbl barrels in the seven days end...

ALEXANDER WEBER and GRANT SMITH VIENNA, Austria (Bloomberg) -- OPEC may cut production next year, its Secretary-General Abdalla El-Badri said. The Organization of Petroleum Exporting Countries output target could fall 500,000 bpd to 29.5 MM...

HOUSTON -- Weatherford International has been awarded an exclusive contract with Statoil Petroleum AS valued at $400 million for the delivery of Tubular Running Services on 19 drilling units in Statoils portfolio. This contract has a base p...

HOUSTON (Bloomberg) -- Rigs targeting oil in the U.S. surged to a record as producers accelerated drilling in some of the nations biggest crude plays, from North Dakotas Bakken formation to the Permian basin of Texas and New Mexico. Oil rig...

KUWAIT (Bloomberg) -- Saudi Arabia, the worlds biggest crude exporter, said OPEC doesnt need to meet on possible measures to check falling oil prices, according to the kingdoms oil minister Ali Al-Naimi. Prices always fluctuate and this is...

NEW YORK (Bloomberg) -- West Texas Intermediate oil fell to an eight-month low after U.S. crude stockpiles fell less than analysts projected in a government report. Brent dropped to the least since April 2013. Crude inventories fell 972,000...

LONDON (Bloomberg) -- Brent crude dropped to the lowest level in almost 17 months, narrowing its premium over West Texas Intermediate, on concern global supply growth will outpace demand. The European benchmark settled below $100 for the fi...