Financial TimesThe energy industry: turning data into oilFinancial TimesWhat Schlumberger is doing, however, is far from typical for Silicon Valley: it is working to increase output and cut costs for an activity at the heart of the old economy: oil and gas …

The Sun DailyThailand joins Malaysia, Indonesia to oppose EU move against palm oilThe Sun DailyKUALA LUMPUR: Thailand, the world's third largest palm oil producer, will cooperate with Malaysia and Indonesia to reject the European Union's (EU) execu …

Matangi Tonga“Coconut oil kept me warm!”Matangi TongaCoconut oil kept Tonga's Pita Taufatofua warm last night as the double Olympian ignored sub-zero temperatures, while he carried the Tongan flag bare-chested, wearing only a Tongan dance costume and f …

MarketWatchUS budget deal will trim the nation's oil reserve by 15%MarketWatchThe U.S. budget deal requires the sale of 100 million barrels of crude from the nation's Strategic Petroleum Reserve between 2022 and 2027—that's a cut of about 15% f …

Libya's January Oil Production Highest In Nearly Five YearsOilPrice.comLibya's oil production averaged more than 1 million bpd in January, for the first time topping the million-bpd-mark for a full month since July 2013, data provider Genscape has …

Oil prices drop nearly 10% for the weekMarketWatchOil prices fell Friday, with the U.S. benchmark marking its lowest settlement in seven weeks. A report from Baker Hughes BHGE, -3.64% on Friday revealed that the number of active U.S. rigs drilling for oil …

ReutersUS drillers boost oil rig count to highest nearly three years: Baker HughesReutersMore than half of those oil rigs were located in the Permian basin in west Texas and eastern New Mexico where the number of active units increased by 10 this week to 4 …

China Oil Imports Hit Another Record In JanuaryOilPrice.comThis is 400,000 bpd more than the previous record from March last year. Natural gas imports also continued to rise, hitting 7.7 million tons – the second-highest monthly import rate on record. The …

Statoil: Rising US Shale To Keep Oil Prices Below $70 In 2018OilPrice.comOil prices will likely be below $70 per barrel this year, as growing U.S. onshore production as well as rising production from conventional fields will keep a lid on prices, Statoil&# …

Shale Oil: A Paradigm Shift In PerceptionsSeeking AlphaFollowing a bout of skepticism last fall, the investment community is coming to appreciate shale oil's production growth potential. Many macro models have been behind the curve. Estimates are now c …