Oil futures fell Friday as investors cashed in their recent gains and skepticism grew over a tentative agreement to cut production among members of the Organization of the Petroleum Exporting Countries.     Read Article  +

Traders are rapidly emptying diesel tanks in Europe’s storage hub as refinery maintenance lowers global production, offering a brief respite for the heavily oversupplied market.     Read Article  +

As he emerged from nearly five hours of talks in Algiers on Wednesday evening, Iran’s oil minister Bijan Zanganeh stopped to speak to reporters.     Read Article  +

Malaysia's Petronas said it would review a proposed C$36 billion ($27.25 billion) liquefied natural gas (LNG) project in western Canada after Ottawa approved the project with conditions to limit the environmental impact.     Read Article  +

Kicking a production freeze deal down the road was probably the bestoil bulls could hope for after OPEC failed to reach a consensus in Algiers, strategists told CNBC.     Read Article  +

The Organization of Petroleum Exporting Countries, which pumps about one third of the world’s oil supply, needs to cut production to sustain a rise in crude prices above $50 a barrel, according to the majority of respondents polled in a Gulf Intel...  +

Crude oil prices once again felt waves of volatility increase Monday, as verbal intervention from the world’s two biggest oil producers, Russia and Saudi Arabia, had an immediate, but unsustained, effect on prices.     Read Article  +

Energy experts poured scorn on the prospect of Russia and Saudi Arabia collaborating to stabilize the oil market, after the two countries made a joint statement to that effect.     Read Article    +

Petroleo Brasileiro SA Petrobras has undertaken various measures to cut down its debt amid a low oil price environment. Shrinking revenues and cash flows has led most energy companies to consider alternative financial alternatives.     Read Art...  +

Tankers full of liquefied petroleum gas (LPG) are gathering off Singapore waiting for buyers as a flood of supply from the US and Saudi Arabia has outpaced demand for the fuel, trade and industry sources said on Thursday.     Read Article    +