Premium TimesTHROWBACK(1): Oil minister, Diezani Alison-Madueke in N2.2bn bribery scandalPremium TimesThe scam is breathtaking in its brazenness: in exchange for obtaining the authorisation to import gasoline, oil marketers are being instructed by an agenc …

NDTVOil Extends Gains Above $45 as Rig Fall Signals U.S. Output CutsBloombergOil rose for a second day in New York after the number of drilling rigs used in the U.S. slumped to a five-year low, signaling that output may slow and pare a global glut. West Te …

NDTVOil Gains a Second Day as U.S. Drilling Slumps to Five-Year LowBloombergOil rose for a second day in New York after the number of drilling rigs used in the U.S. slumped to a five-year low, signaling that output may slow and pare a global glut. West Tex …

ReutersOil Holds Gains Near $45 as Falling Rigs Signal U.S. Output CutsBloombergOil held gains above $45 a barrel after data showed a reduction in the number of rigs drilling for crude in the U.S., signaling output cuts in the world's biggest consumer. …

ReutersOil Bulls Lose Faith in Recovery as Russia Adds to Global GlutBloombergHedge funds trimmed bullish oil bets for the first time in six weeks, losing faith in a swift recovery as Russia boosted output to the highest since the Soviet Union collapsed. S …

BloombergOil Rebounds After U.S. Producers Reduce Rigs to Five-Year LowBloombergCrude rose after U.S. explorers reduced the number of rigs drilling for oil to a five-year low, signaling further drops in production. West Texas Intermediate futures rebounded …

Oil Trades Near $45 a Barrel as Surplus Seen Lasting Into 2016BloombergOil traded near $45 a barrel in New York as a further pullback in U.S. drilling failed to temper expectations that the global oversupply will persist for most of next year. West Texas I …

Sydney Morning HeraldOil Search rejects A$11.6bn Woodside bidFinancial TimesOil Search has rejected an A$11.6bn (US$8.2bn) takeover bid by its Australian rival Woodside, saying the proposal was “highly opportunistic and grossly undervalues the company”, bu …

Oil Swings Near $45 as Investors Weigh Glut Against Rig DeclineBloombergOil swung between gains and losses below $45 a barrel as investors weighed the outlook for a persistent global glut against signs U.S. drillers are continuing to reduce active rigs. Fu …

Oil's Slide Falters Near $45 a Barrel as U.S. Drillers Idle RigsBloombergOil's decline below $45 a barrel faltered as U.S. drillers idled rigs for a second week amid a global glut. Futures increased as much as 0.8 percent in New York, paring Friday …