ReutersOil firm as Saudi output dips, Iran sanctions loomReutersMarkets also anticipated an announcement from Washington later on Monday on renewed U.S. sanctions against major oil exporter Iran. So-called “snapback” sanctions are due to be reinstated at 1 …

ReutersOil prices rise after Saudi output dips, US drilling stallsReutersStill, with Russia, the United States and Saudi Arabia now all producing 10 million to 11 million bpd of crude, just three countries now meet around a third of global oil demand. Reut …

SBSBight oil drilling could be 'game changer'SBSLarge-scale oil projects in the Great Australian Bight could produce six billion barrels of oil by 2060, new modelling suggests. New projects could generate billions in tax revenue for the federal and …

ReutersOil prices edge up after Saudi output dips, US drilling stallsReutersMarkets also anticipated an announcement from Washington due later on Monday detailing renewed U.S. sanctions against major oil exporter Iran. Spot Brent crude oil futures LCOc1 we …

Locked Into Hedges, Shale Misses Out On Oil Price RallyOilPrice.comThe shale industry is set to enjoy its best year, arguably in its history, but some drillers are not benefitting as much as expected because they locked themselves into hedges at lower pric …

Iraq brings forward awarding of new oil contracts to April 15ReutersOPEC's second largest producer, after Saudi Arabia, Iraq decided to change the contracts after a glut caused oil prices to crash in 2014, reducing Baghdad's ability to pay the fees …

UPDATE 1-NOC chief says investment key to rebuilding Libyan oil flowsReutersCrimping the budget of NOC, which employs more than 60,000 people and helps pay the salaries of most workers in Libya, made no sense because investment in increased oil production …

Libyan oil output hindered by budget cuts, NOC head saysReutersCrimping the budget of NOC, which employs more than 60,000 people and helps pay the salaries of most workers in Libya, is nonsensical because investments could help restore its pre-civil war oi …

The Straits TimesNine in Shell oil theft case face 1-2 fresh charges each, remanded for another weekThe Straits TimesSINGAPORE - Nine of the 14 men who were charged last week in connection with the misappropriation of fuel from Shell were back in court on …

Turn to 10RI residents caught in the cold snap without heating oilTurn to 10With colder weather, oil companies are trying to keep up with customer demands. But customers say they're not moving fast enough. “I can't get oil! And I'm scared,” sai …