News

Oil bounced back above $77 on Wednesday, reaching its highest level in almost two weeks.

Oil prices rose above $53 a barrel Monday in Asia

Standard and Poor's said Friday it has revised down its outlook for Nigeria's ratings to "negative"

Oil prices went down Friday amid a US dollar rebound

Oil price rose on Thursday, and now is a bit higher $50

Declining oil revenues forced Nigeria to cut spending

Oil prices stayed above $37 a barrel Monday in Asia as OPEC members talked up more production cuts over the weekend amid weakening global demand for crude

Kuwaiti oil minister said that his country had to make a few amendments to its energy strategy

Oil prices sank to fresh 3-year lows Thursday and they may drop down further

The ruble dropped to a 20-month low in the week versus the dollar as crude fell below $70 a barrel

Crude futures are at their lowest point in almost half a year

Crude oil fell to its lowest in more than four months after Hurricane Gustav weakened

Crude oil edged back above $115 a barrel after a choppy trading session Monday

Oil has closed below $113 a barrel as concerns that oil operations in the Gulf of Mexico could be disrupted by Tropical Storm Fay have eased

China National Offshore Oil Co. Ltd. announced on Monday that its wildcat well, drilled independently in the Bohai Bay, discovered oil and natural gas...

The world economy faces uncertainty and downside risks, including that posed by a sharp rise in oil prices, Group of Eight leaders said on Tuesday...

Repsol YPF SA, a Spanish oil company, is in advanced negotiations to buy a significant stake in Russia's Sakhalin Island oil and gas reserves...

Petroleos Mexicanos, Mexico's state- owned oil company, reduced the amount of crude oil it supplies to Texas refineries operated by Royal Dutch Shell Plc and Valero Energy Corp. as falling production curbs exports...

China Petroleum & Chemical Corp., the nation's largest refiner, started commercial operations at a refinery in the island-province of Hainan to safeguard fuel supplies in the south...

PetroChina Co., the largest oil producer in the country, increased crude output at its Changqing field by 15 percent in the first half of the year as the company steps up exploration to make the field the nation's largest...