Moneycontrol.comOil prices fall as increased US drilling points to higher outputMoneycontrol.comOn a simple supply versus demand basis, however, oil markets are facing the possibility of a renewed glut after being in a slight deficit for much of last year. …

Oil Prices Rise Despite Climbing Rig CountOilPrice.comBaker Hughes reported another 6-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 990, which is an addition of 201 rigs year over year. The num …

Congo Grants Total Extension to Oil-Exploration LicenseBloombergCongo may hold as much as 6 percent of Africa's oil reserves and has “significant development potential,” according to a 2013 briefing note by Norton Rose Fulbright. In February, Congo Pre …

BloombergSwiss Prosecutor Opens Criminal Probe Into Geneva Oil TradersBloombergGeneva's public prosecutor has opened a criminal probe targeting top executives at an oil trading company suspected of bribing foreign officials and money laundering, as par …

BloombergUS Oil Export Surge Means OPEC's Production Cuts May Be DoomedBloombergOPEC should beware as U.S. shale producers are set to steal a bigger slice of the market in Asia, which consumes more oil than any other region, according to industry consu …

BloombergPlanes, Trains and Trucks: Global Trade Boom Fires Up Oil DemandBloombergThough it may yet be at risk from the protectionist talk coming from Washington, the International Monetary Fund's most recent estimates for world trade growth are that i …

BloombergOil Buyers Ditch Paper for Blockchain to Track Tanker SalesBloombergA consortium -- including oil producers BP Plc, Royal Dutch Shell Plc and Statoil ASA, commodity traders Gunvor Group Ltd., Mercuria and Koch Supply & Trading, and lenders ING …

BloombergGiant Oil Tankers From US Seen Cutting Time, Money and TradersBloombergLoading about two million barrels of oil into a VLCC at LOOP could cut about $300,000 in direct costs -- or 20 cents per barrel -- compared with the current process of charteri …

BloombergGiant Oil Ships From the US to Cut Time, Money and TradersBloombergLoading about two million barrels of oil into a VLCC at LOOP could cut about $300,000 in direct costs -- or 20 cents per barrel -- compared with the current process of chartering s …

BloombergBig Oil Buyers Ditch Paper for Blockchain to Track Tanker SalesBloombergA consortium -- including oil producers BP Plc, Royal Dutch Shell Plc and Statoil ASA, commodity traders Gunvor Group Ltd., Mercuria and Koch Supply & Trading, and lenders …