The misfortunes of Venezuela’s state-owned oil company are now roiling the clear waters of the Caribbean Sea. Read Article  +

The operator of a damaged North Sea crude pipeline has invoked a clause that exempts it from fulfilling contracts, underlining the scale of the damage that has sent oil and gas prices surging. Read Article  +

Gasoline demand in Saudi Arabia - the region's largest consumer of the fuel - is set to remain robust for the medium term even as the country plans to hike prices and women start driving, analysts say. Read Article  +

Oil rose, paring a second weekly loss, as strong Chinese crude imports allayed concerns that U.S. markets may remain oversupplied. Read Article  +

One day before the highly-touted annual meeting in Vienna of the Organization of the Petroleum Exporting Countries (OPEC), several experts on Wednesday suggested oil in the mid-$50s price range was a favourable level in a world of geopolitical ten...  +

ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company said on Tuesday. Read Article  +

Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remained under pressure from signs of higher output in the United States. Read Article  +

India is planning to join the Asian rush to boost the use of natural gas over coal, a further sign that the liquefied natural gas (LNG) market will tighten faster than previously expected. Read Article  +

The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared.   Read Article  +

Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.   Read Article  +