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Oil rises in late trade, still down on the week as glut weighs

Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted

Saudi pledges stable oil supply as market confused by data


Output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance

OPEC Cuts Pad Wallets of North American Heavy Oil Producers


OPEC’s supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of Mexico.


Saudi Arabia tries to drain oil stocks while protecting customer relationships: Kemp


Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships

New Asia refineries point to increased sources of petroleum products


The Philippines and other oil importing countries will have a more diversified source of fuel as supply of refined petroleum

Global integrated oil and gas sector outlook turns positive: Moody’s


Moody’s Investors Service (Moody’s) has changed its outlook on the global integrated oil and gas sector to positive from stable

Opec needs new strategy to tackle oil market challenges


The Organisation of the Petroleum Countries (Opec) should formulate a new strategy to tackle challenges in oil markets, experts said

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized


Russia and Saudi Arabia head to this weekend's OPEC committee meeting as the tortoise and hare of a global deal

Asia arbitrage talk boosts early April North Sea crude


The price of North Sea crude that helps set global prices has risen for early April despite ample supply in

Will they or won’t they? Here’s what to watch as oil producers consider their options


As the price of oil languishes at a three-month low, traders are wondering whether petroleum producers will extend their six-month

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