Saudi Arabia confident cuts by OPEC and allies will balance oil market  ReutersSaudi Arabia's energy minister said on Wednesday he was confident that action to rein in output by OPEC and its allies would bring the oil market into balance, ... Rea …

India offering 23 areas in new oil, gas exploration auction: oil secretary  Reuters IndiaNEW DELHI (Reuters) - India will auction 23 blocks in a third round of offerings under the open acreage licensing programme for oil and gas exploration ... R …

Extend Arctic oil-gas ban for five more years, Clyde River says  Nunatsiaq NewsHere are two types of vessels that could be used for exploratory drilling for oil and gas in Baffin Bay and Davis Strait. The photo on the left shows a drill ship, and …

Italy's Milazzo oil refinery shuts crude unit due to bad weather  ReutersLONDON, Jan 3 (Reuters) -. * Italy's 200,000 barrel per day Milazzo oil refinery shut one of its two crude distillation units as bad weather prevented oil tankers ... Read m …

Driver Cited for Fiery Crash With Oil Tanker  U.S. News & World ReportBELGRADE, Maine (AP) — Police have cited a driver with failure to yield in connection to a crash in Maine that caused a tanker truck loaded with 9500 gallons ... Read more http …

Volatility Continues as Rising Oil Prices Help Wall St. Erase Early Losses  The New York TimesThe new year began with another round of choppy trading on Wall Street, as stocks opened sharply lower but recouped their losses after a rise in oil pri …

Oil tanks explode at a Noble Energy well in the Permian  ChronThere were no injuries when a series of oil tanks exploded overnight by a Noble Energy well site in West Texas' booming Permian Basin. Three oil production ... Read more https://www.ch …

China cuts refiners' oil import quotas with first 2019 allowances  ReutersChina issued its first batch of crude oil import quotas for 2019 on Wednesday at a lower volume than for the same batch a year ago though expectations are for ... Read more …

Russian oil output reaches record high in 2018  ReutersMOSCOW (Reuters) - Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data ... Read more https://www.reuters …

U.S. Stocks Mixed as Oil Reversal Boosts Sentiment: Markets Wrap  BloombergU.S. stocks fluctuated after erasing deep losses, with financial shares rebounding from a dismal December and crude staging a rally. Treasuries trimmed gains. Read more ht …