Sanctions On North Korea Won't Slow Chinese Oil FlowOilPrice.comWhile the latest round of U.S. sanctions on North Korea's oil trade is likely to stop major companies from trading due to reputational risks, it is unlikely to stop China's crude o …

Oil companies evacuate workers as storm takes aim at TexasReutersHOUSTON (Reuters) - Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm …

ReutersRussia's Rosneft allocates four months of Venezuelan oil: tradersReutersHOUSTON (Reuters) - Russian oil firm Rosneft has struck deals with several buyers for almost its entire quota of Venezuelan crude for the remainder of the year, traders told …

ReutersIran parliament clears oil, foreign ministers for Rouhani's new cabinetReutersBEIRUT (Reuters) - The Iranian parliament voted on Sunday to keep the oil and foreign ministers, two of pragmatist President Hassan Rouhani's key members of cabine …

ReutersUS Gulf of Mexico oil, gas lease sale yields $121 million in high bidsReutersWASHINGTON (Reuters) - A sale of oil and gas leases in U.S. waters in the Gulf of Mexico generated $121.14 million in high bids for 90 tracts covering 508,096 acres (205,61 …

ReutersOil producers signal offshore return in latest Gulf of Mexico auctionReutersHOUSTON (Reuters) - Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, …

The HillFeds to sell 14 million barrels from oil reserveThe HillThe Department of Energy is preparing to sell 14 million barrels of crude oil from the nation's Strategic Petroleum Reserve (SPR) beginning later this month. The agency announced late Tues …

ReutersGoodbye contango? Oil's long march toward backwardation: KempReutersLONDON (Reuters) - “The rebalancing of the oil market desired by the leading producers has been a stubborn process,” the International Energy Agency wrote in its latest monthly …

The Maritime ExecutiveKuwait contains oil spill, power and water output normal - agencygulfnews.comKuwait has contained a crude oil spill in the country's southern waters in the Gulf and is cleaning up contaminated parts of the shore, state news agency …

ReutersOil traders expect Asia to import more Venezuelan crude if US sanctions kick inReutersSINGAPORE/HOUSTON (Reuters) - Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and …