ReutersOil climbs after surprise drop in US crude inventoriesReutersOil took its cue from American Petroleum Institute (API) data which showed a 7.5 million barrel drop in U.S. crude inventories to 507.2 million barrels, almost twice the fall expected by a …

ForbesOil prices rise on reported US crude stock draw, Norway strikeReutersSINGAPORE Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which may impact output. Firm …

BloombergFirst oil in two years leaves Libya's Ras Lanouf portMiddle East EyeAn oil tanker left the Libyan port of Ras Lanouf for Italy on Tuesday, an official said, the first shipment since fighting erupted over control of the "oil crescent" …

ReutersOil prices rise on reported US crude stock draw, firm Japan importsReutersInternational benchmark Brent crude oil futures were trading at $46.46 per barrel, up 58 cents, or 1.26 percent, from their last close. Traders said that Brent was being suppo …

BloombergOil Industry No Longer Discovering Oil, Only Growing Through M&AOilPrice.comIt is becoming increasingly difficult for the oil majors to discover new sources of oil. The industry is in a state of crisis and could be at a turning point. Low oil …

ReutersOil slips as Venezuela says market is 10 percent oversuppliedReutersGlobal oil supply of 94 million barrels per day needs to fall by about a tenth if it is to match consumption, Venezuela's Oil Minister Eulogio Del Pino said on Monday. Internati …

ReutersOil prices fall as Venezuela says market is 10 percent over suppliedReutersGlobal oil supply of 94 million barrels per day needs to fall by about a tenth if it is to match consumption, Venezuela's Oil Minister Eulogio Del Pino said on Monday. In …

ReutersOil up 2 percent on producer deal speculation; gasoline dipsReutersOil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodities, such as crude, more affordable to holders of the euro a …

ReutersOil climbs as Venezuela sees output dealReutersLONDON Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize the market and as clashes in Libya disrupted attempts to boost cr …

ReutersVenezuela says OPEC, non-OPEC oil stabilizing deal 'close'ReutersOPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Bar …