DUBAI, Oct. 19 (Xinhua) -- The fiscal pressure on the Gulf Arab countries has eased as a result of the recent rally in oil prices, a senior official from International Monetary Fund (IMF) said here Wednesday. Since spring this year, the pric...

TOKYO, Oct. 18 (Xinhua) -- Tokyo stocks dropped from the off on Tuesday as a fall in prices for crude oil sent major bourses lower overnight and dented early sentiment here. As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 31.37 poin...

NEW YORK (Bloomberg) -- Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global surplus. Futures fell by as much as 1.8 percent. Libyan output expanded to 560,000 bopd, according to t...

OKLAHOMA CITY (Bloomberg) -- Dont expect a major ramp-up of oil production in Oklahomas hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.s CEO. Producers need more ex...

CHICAGO (Bloomberg) -- RSP Permian Inc. agreed to pay $2.4 billion in cash and stock for Silver Hill Energy Partners amid increasing competition for drilling rights in the biggest U.S. oil field. RSP plans to finance the transaction with $1...

LONDON (Bloomberg) -- Royal Dutch Shell has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its UK North Sea assets worth about $2 billion, according to people...

A week dominated by taper and OPEC talk saw fund investors desert DMequities, moving into oil-sensitive EM mandates and HY funds. DM equityredemptions were the highest since end-July as DM ETF inflows (whichbenefitted from positive risk sen...

Weve spent the past month crisscrossing the U.S. meeting with investors andwould like to share our perspective on the state of the oil services investors mind.While we argue the surprise OPEC decision doesnt likely change long termfundament...

TEHRAN, Oct. 8 (Xinhua) -- Iranian President Hassan Rouhani has invited Malaysian companies to invest in Irans oil, gas and petrochemical industry, local media reported on Saturday. Iran seeks an increase in economic ties with Malaysia and...

Crude oil imports rebounded after collapsing the prior week, mainly on theGulf Coast, where Tropical Storm Hermine passed through, also impactingproduction, though by September 2nd, BSEE.gov stopped reporting on disruptionsto oil and gas pl...