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US moves to reverse regulations for offshore oil drilling

TheUSgovernmentonFridaypublishedproposednewregulationsonoffshoreoildrillingthatwouldreversesafeguardsputinplacefollowingtheDeepwaterHorizonenvironmentaldisaster

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U.S. energy agency sees higher oil prices, more oil in 2018

TherecentrallyincrudepricescoulddriveU.S.oilproductiontoarecordannualaverageof10millionbarrelsadayin2018,aU.S.energyagencysaidTuesday.Initsmonthlyforecast,theU.

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Oil prices sink after International Energy Agency's outlook

OilpricesdeclinedonThursday,aftertheInternationalEnergyDepartmentreportedabearishoutlookofthemarket.TheEnergyDepartmentonThursdaylowereditsforecastforoildemandf

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Iraq drills first well in Huwaiza oil field near Iranian border

IraqstarteddrillingthefirstwellintheHuwaizaoilfieldneartheIranianborder,whichmaycontainonebillionbarrelsinreserves,theIraqioilministrysaidonSunday.Thefieldisbei

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US crude oil price falls for fifth consecutive week

Oil prices fell for a fifth week in the United States after concerns that rising production from the US to Libya will offset cuts from the Organization of Petroleum Exporting Countries (OPEC) and its allies.

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US crude oil price falls for fifth consecutive week

OilpricesfellforafifthweekintheUnitedStatesafterconcernsthatrisingproductionfromtheUStoLibyawilloffsetcutsfromtheOrganizationofPetroleumExportingCountries(OPEC)

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Oil prices climb off 10-month lows as U.S. stockpiles drop

OilpricesroseonThursdayafterU.S.crudeandgasolinestockpilesfell,butworriesoverwhetherOPEC-ledoutputcutswouldbeabletoreininathree-yearglutcontinuedtodrag.Themarke

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Oil prices drop amid supply glut worries

Oil prices fell Thursday as worries that global supply might surpass demand persisted.

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Oil prices go up as U.S. production increases

​Oil prices dropped Wednesday as U. S. crude production rose last week.

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Oil prices rebound despite increasing inventories

​U.S. oil price increased Wednesday although government report showed crude stockpile of the country continued to increase last week.

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Oil prices retreat amid supply glut

​Oil prices retreated Wednesday as U.S. crude inventories increased to a historic high.

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Oil prices rebound despite rise in inventories

​Oil prices rebounded strongly Wednesday despite rising U.S. crude inventories last week as traders bought the dip.

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Oil prices plunge amid global glut

​Oil prices plummeted Monday amid growing supplies from the Organization of Petroleum Exporting Countries (OPEC).

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Crude prices retreat amid ample supplies from OPEC

​Crude prices dropped Monday as the Organization of Petroleum Exporting Countries (OPEC) is likely not to cut the output at a meeting this month.

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Crude prices advance despite supplies rise

​Crude price gained Wednesday though a government report showed that U.S. crude inventories increased last week.

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U.S. analysts predict more reserves in key oil areas

U.S. energy analysts have drawn a rosy picture for one of the country's largest shale areas, predicting more reserves of crude oil.

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S.Korea to build oil storage facility to become regional oil hub

South Korea planned to build large- sized oil storage facilities to become an oil hub in the Northeast Asian region amid growing demand for such facilities, the commerce ministry said Wednesday.