BERLIN – Global oil demand in 2014 will be higher than previously forecast, after consumption in the US rebounded to its strongest level in five years,...
SAN FRANCISCO – ExxonMobil is set to pull out of exploration in Arctic waters off Greenland and is not said to be among bidders in the...
LONDON – Norway’s $800 billion oil fund has set up a new joint venture with MetLife Inc. MET -0.15% designed to pursue investments in high-end U.S....
ABUJA – The Chairman, Finance Commissioners Forum, Timothy Odah, said the Nigerian National Petroleum Corporation (NNPC) accepted that it owed the Federation Account. Mr. Odah, the...
ABUJA – Indications emerged Thursday that the Excess Crude Account (ECA) has been depleted to only $3.18 billion. After some initial delays, the Federation Account Allocation...
ABUJA – The Nigerian National Petroleum Corporation (NNPC) workers under the aegis of Petroleum and Natural Gas Workers Senior Staff Association and National Union of Petroleum...
DUBAI – Saudi Arabia has started OPEC’s difficult year early. In the same month that the Organization of the Petroleum Exporting Countries, a group of some...
WASHINGTON – Crude on both sides of the Atlantic was down in London trading Friday, with Brent’s price down well below its early December highs, while...
NEW YORK – US supermajor Chevron plans to spend nearly $40 billion in 2014 as it closes in on start-ups major liquefied natural gas projects in...
NEW YORK – U.S. crude-oil futures prices rose Thursday, lifted by the strongest demand from refiners since July. Analysts said prices also drew support from mixed...
