BloombergRosneft Beat Four Suitors to Buy Refinery in Surging Oil MarketBloombergThe Essar group was in talks with as many as five overseas oil companies, said Prashant Ruia, a director at the conglomerate, which sold 98 percent of Essar Oil Ltd. for an en …

BloombergRosneft, Trafigura to Spend $13 Billion to Buy Indian RefinerBloombergEssar Group will sell 49 percent of Essar Oil Ltd. each to Rosneft and the consortium for an enterprise value of 728 billion rupees ($10.9 billion), the Indian conglomerate said …

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BloombergRosneft, Trafigura to Buy 98% of Essar Oil for $13 BillionBloombergRussia has been deepening energy ties with India, which is expected to surpass Japan as the world's third-largest oil user this year to become the fastest-growing crude consume …

A court fight over documents about a 12-year-old oil leakFox NewsNEW ORLEANS – Environmental attorneys and an energy company are going to court over the confidentiality of documents related to an ongoing oil leak from an offshore site damaged by Hurricane …

Financial TimesAre oil stocks good value?Financial TimesIn the oil market, talk of a supply glut remains as strong as ever. Hopes of oil producers agreeing a deal to cut their output persist, but the price of Brent crude is still languishing below $50 per …

Wall Street JournalOil Companies Hunker Down in IraqWall Street JournalBASRA, Iraq—Western companies that for years pumped money into Iraq's oil fields, lured by the prospect of its huge crude reserves and post-war ambition to boost output, now face a …

BloombergSaudi Arabian Stocks Lead Gulf Gains as Oil Offsets Fed ConcernBloomberg“The oil situation will top rate-hike concerns for the region, giving some room for a rebound in stocks in the short term, mostly in Saudi Arabia,” said Saleem Khokhar, the Ab …

Wall Street JournalChevron, Exxon Commit to $36.8 Billion Expansion Project in TengizWall Street JournalBig-energy company executives have said they are treating the oil-price rally with caution, warning that as prices rise, investment could kick in from U …