Oil News

Tripoli - Libyan separatists loaded oil onto a North Korean tanker for a second consecutive day on Sunday, ignoring the central government's threats of military action, an industry official said.The separatists are former rebels who have turned against the inter...

Tripoli - Libyan separatists loaded oil onto a North Korean tanker for a second consecutive day on Sunday, ignoring the central government's threats of military action, an industry official said.The separatists are former rebels who have turned against the inter...

Benghazi - Libya threatened to bomb a North Korean-flagged tanker at an oil terminal held by militants in the restive east, saying it was being loaded illegally.Separatists blockading Al-Sidra facility attempted to load crude aboard the Morning Glory in the lates...

Benghazi - Libya threatened Saturday to bomb a North Norean-flagged tanker, which is suspected of trying to load an illegal cargo at the Al-Sidra oil terminal, if the vessel does not leave port.Militants blockading the terminal in eastern Libya had been trying to...

Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of s...

London - Global oil prices were stable on Friday before the publication of key monthly US jobs data, while investors kept an eye on the crisis in Ukraine's Crimean peninsula, analysts said.New York's main contract, West Texas Intermediate (WTI) for delivery in ...

London - Global oil prices diverged Thursday amid data showing weaker US energy demand as Russia comes under international pressure following its seizure of Ukraine's Crimea peninsula, analysts said.New York's main contract, West Texas Intermediate (WTI) for Ap...

Washington - The US Supreme Court ruled Wednesday that Argentina must pay British company BG Group $185 million for losses arising from the country's 2001-2002 economic crisis.The US high court endorsed a lower court's ruling in the case that a US-based tribunal ha...

New York - ExxonMobil Wednesday cut its forecast for oil and gas production after a number of major projects hit snags in the ramp-up phase.The US oil giant now projects that petroleum output will hit 4.3 million barrels per day in 2017.While that is higher than ...

New York - A US federal judge Tuesday ruled in favor of Chevron in an Ecuador environmental case, saying fraud was used to obtain a judgment ordering the oil giant to pay $9.5 billion.US District Judge Lewis Kaplan said a six-week trial proved that the Ecuadoran ...