Oil and gas revenue to rise, predicts OBRBBC NewsRevenue from oil and gas tax is expected to rise over the next four years, according to the Office for Budget Responsibility. Documents published with the Autumn Statement forecast a rise in the price of bot …

ReutersRisking flames and mines, Iraq oil workers battle to cap burning wellsReutersQayyara's burning oil fields vividly depict the destruction the group wrought on northern Iraq, as Iraqi forces backed by a U.S.-led coalition battle to drive the jihad …

BloombergWhat Will Lift the World Economy? Goldman Says Higher Oil PricesBloombergHigher oil prices would be a boon for the global economy, according to Goldman Sachs Group Inc. Pricey crude means economies such as Saudi Arabia take in more money than they …

Iran and Iraq Asked to Freeze, Not Cut, Oil ProductionOilPrice.comOPEC's oil production cut will cap output at 32.5 million barrels per day in order to rebalance the supply-side of the oil market, Saudi Arabia's oil minister Khalid al-Falih said ea …

RPT-Oil producers pounce on price uptick to bolster hedgingReutersLONDON, Nov 17 British-based oil producers have started to sell more oil and gas forward to lock in a small uptick in prices, as doubts grow that the market will ever return to the days of c …

ReutersOil lower after US crude build, Trump victoryReutersOil analysts also say while Trump's victory raised concerns about future economic growth and oil demand, there were supportive factors for prices such as a potential shift in U.S. policy toward …

ReutersOil reverses most losses after Trump win to trade near $46ReutersLONDON Oil reversed most of its early losses of almost 4 percent to trade near $46 a barrel on Wednesday, as the market recovered from an initial Brexit-like reaction to Donald Trump&# …

Financial TimesOklahoma, Pennsylvania recovering after weekend oil spillsRTAn oil spill in Oklahoma forced the shutdown of a major, 850,000-barrel per day pipeline system that supplies crude oil to Texas refineries. The incident follows another pipeline ru …

World Bank Ups Its 2017 Oil Price Forecast To $55OilPrice.comThe World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That's US$2 more than its earlier forecast, which …

ReutersOil dips on Buzzard restart, Iraq; US crude tests below $50ReutersIraq's oil minister Jabar Ali al-Luaibi said the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) wanted to be exempt from output curbs as i …