ReutersOil prices rise after Islamic State advances in IraqReutersTensions in the Middle East were further heightened after a Saudi-led coalition resumed air strikes against Houthi militia in Aden, a port city on the shores of key Middle East oil routes. A …

MarketWatchOil is at a make-or-break levelMarketWatchThe U.S. benchmark for crude-oil prices faces a crossroads, from which it will either find support and push higher or tumble. West Texas Intermediate crude prices on the New York Mercantile Exchange had …

ReutersOil prices rise on Middle East fighting; OPEC output in focusReutersIran's Deputy Oil Minister Rokneddin Javadi told Reuters on Monday that OPEC was unlikely to cut output at its next meeting in June, and that Iran hoped its crude exports would …

ReutersOil prices rise on Middle East fighting; OPEC output eyedReutersIn Yemen, a Saudi-led coalition resumed air strikes against Houthi militia in Aden, a port-city on the shores of key Middle East oil routes, after a truce expired. Despite these Middle …

ArabianBusiness.comDubai's Drake & Scull wins $79m engineering contractArabianBusiness.comAhmad Al Naser, managing director, Drake & Scull Engineering, said: “We are pleased to continue our positive start to 2015 by securing the contract for th …

U.S. News & World ReportAbu Dhabi taps Inpex to join $22 billion oil projectThe Japan TimesAbu Dhabi National Oil Co., known as Adnoc, picked Inpex from at least 10 bidders to join it and Total in the venture. Inpex agreed to pay Adnoc a signing bonus of a …

Singapore rig builders feel impact of oil price slideFinancial TimesProblems in the Brazilian and Mexican oil industries unleashed by the plunge in crude prices have ensnared two pillars of Singapore Inc — rig builders Keppel Corporation and Sembcorp Indus …

BloombergRecord Gasoline Output to Curb Biggest U.S. Oil Glut in 85 YearsBloombergThey'll increase output to meet consumer demand and they've added more than 100,000 barrels a day of capacity since last summer, when they processed the most oil on r …

Financial TimesInvestor appetite for oil has yet to be tested fullyFinancial TimesThe battle for supremacy in world oil markets can be seen as a contest between different economic models: between governments and markets. So far, the market-based system has …

Reuters UKAs war grows, Libya's official government in new bid for oil cashReuters UKThinni, based in the eastern city of Al-Bayda, announced late on Saturday he had authorised his internationally recognised government's oil corporation to open a s …