ABU Dhabi National Oil Co (Adnoc) said on Sunday it has awarded Spanish Cepsa firm a 20 per cent share in a concession of two offshore oil fields in a deal worth US$1.5 billion.

IRAQ, the second largest oil producer in the Opec cartel, plans to sharply increase its output capacity to seven million barrels a day by 2022, its oil minister said on Tuesday.

[NEW YORK] US oil explorers increased the number of drilling rigs this week by the most in a year as domestic crude production roared toward unprecedented highs.

[NEW YORK] Oil prices slid more than 3 per cent on Friday as US futures fell below US$60 a barrel for the first time since December on renewed concerns about rising crude supplies.

[LONDON] Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high US crude output added to concerns about a sharp rise in global...

[LONDON] Oil prices touched their lowest in six weeks on Thursday after data showed US crude output had reached record highs and the North Sea's largest crude pipeline reopened following an...

OIL prices rose on Wednesday, lifted by a report that US crude inventories fell last week, although analysts warned that soaring US output and a seasonal demand drop could soon weigh on crude.

[SINGAPORE] Oil prices rose on Wednesday, lifted by a report that US crude inventories fell last week, although analysts warned that soaring US output and a seasonal demand drop could soon weigh on...

[LONDON] BP's profits more than doubled in 2017 to US$6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-...

[SINGAPORE] Commodities from crude oil to metals and iron ore dropped as the global equity rout and surge in market volatility spurred investors to pare risk, cutting positions in raw materials even...