Oil and Gas

Oil trims weekly drop as storm heads for Texas, gasoline surges

Oil trimmed a fourth weekly decline as traders braced for the impact of Hurricane Harvey on a U.S. refining hub…

Oil prices climb as traders eye another U.S. crude drawdown

Oil inched up Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were…

Gambia says oil blocks claimed by African Petroleum open for bids

African Petroleum’s rights to explore in two offshore Gambian oil blocks have expired and are currently “open for licensing”, Presidential…

Nigeria’s oil exports to slip in October, programmes show

Nigeria's crude oil exports are expected to slip to 1.72 million barrels per day (bpd) in October, loading programmes showed…

Libya gets better at keeping oil flowing as industry stabilises

Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer…

Record US shale output keeps OPEC under pressure

Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts…