The internationally-recognised Libyan government’s loss of key oil facilities to forces loyal to the eastern administration and General Kalifa Haftar is a potentially serious blow that could starve Tr
Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.
Saudi Arabia and Russia have agreed to cooperate over oil, with a task force to recommend measures and actions, but no immediate action by the world's two top producers.
A freeze of oil output by major producers is looking more likely as Saudi Arabia signals a change in approach ahead of an OPEC meeting in Algeria later this month.
The sliding price of crude has again hit the profits of Sinopec - the state-controlled China Petroleum and Chemical Corporation.
The biggest Norwegian offshore oil project in decades is going to be cheaper and more productive according to energy firm Statoil.
Venezuela’s president said he expects new measures to stabalise oil markets and strengthen OPEC to be announced soon.
Oil prices have slipped amid fading hopes of an agreement to limit production even with the market being hugely oversupplied.
Crude oil prices have slipped back after hitting an eight-week high following their longest run of gains in four years in the belief that a limit on output will not be agreed by producers.
As many as 120,000 workers will have lost their jobs in Britain's oil and gas sector by the end of the year, according to the industry's lobby group.
Oil prices have hit their highest in 10 months due to a fall in stockpiles in the United States and supply disruptions in Canada, Nigeria, Venezuela and Libya.
Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.
Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending after the purchase of BG Group.
Russia's Lukoil has said its profits in the first three months of this year were down by 59 percent as oil prices fell to a 12-year low and its output declined.
Brent crude oil has been above $50 a barrel for the first time this year, up 80 percent on the January price.
The boss of French energy firm Total has warned it will "seriously reconsider" its future investment plans in France due to the strikes at its refineries against labour law reform.
France is on the brink of an unprecedented social and economic crisis.
Pedro Parente, the new boss of Brazil's scandal-ridden state-controlled energy firm Petrobras, has been talking about the challenges ahead.
Rival Libyan factions have reached an outline agreement to join forces and form a single oil authority operating throughout the country.
Oil prices jumped to their highest in six months after forecasters at Goldman Sachs said the world now has a deficit rather than a glut of crude.
The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude.
The blaze continues to spread but experts say it is in uninhabited areas to the east and south of the town.
Saudi Arabia's new energy minister is Khalid al-Falih, with an expanded portfolio and a focus on job creation and economic reform.
Crude prices have risen on fears of significant delays to the restart of production near the wildfire-devastated Canadian oil town of Fort McMurray.
Oilfield services provider Halliburton and smaller rival Baker Hughes have called off their merger in the face of opposition from US and European competition regulators.
A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday (April 29) killing at least 11 of the 13 people on