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Unit of L&T wins $165 million contract from Indian Oil Corp

NEW DELHI (Reuters) - A unit of engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian...

OPEC aims for higher compliance, sees 2017 stock fall

LONDON (Reuters) - OPEC countries are aiming to boost compliance with agreed oil output curbs further from January's high levels in a bid to...

Exclusive: OPEC figures show over 90 pct compliance with supply cut...

By Rania El Gamal and Alex LawlerDUBAI/LONDON (Reuters) - OPEC has delivered more than 90 percent of pledged oil output curbs in January, according...

U.S. Republicans kill energy sector disclosure, emissions rules

By Lisa Lambert and Sarah N. LynchWASHINGTON (Reuters) - U.S. Republicans on Friday repealed a securities disclosure rule aimed at curbing corruption at oil,...

Butadiene prices hit 56-month high

(By Wikimedia Commons) TAIPEI (Taiwan News) -- The price of butadiene, the main raw material in synthetic rubber, reached a 56-month high at US$3,070 per...

CORRECTED-India's 2016 Iran oil imports hit record high – trade

(Corrects 4th paragraph in story from Jan 13 to say that India's Dec imports from Iran more than doubled from a year...

Anadarko posts smaller quarterly loss

Oil and gas producer Anadarko Petroleum Corp reported a smaller fourth-quarter loss than a year ago, when it recorded one-time charges totaling...

CORRECTED-UPDATE 1-Lebanon relaunches first oil and gas licensing round

(This version of the story corrects number of disputed blocks in paragraph 8 from one to three) Lebanon relaunched its first...

RPT-UPDATE 2-Malaysia's Petronas says RAPID project remains on track after Aramco's...

(Repeats with link to graphic)By A. Ananthalakshmi and Emily Chow Jan 27 Malaysia's state oil firm Petroliam Nasional Berhad (Petronas) is pushing...

Brazil's Petrobras reduces diesel and gasoline prices at refineries

Jan 26 Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel...

Oil up 2 percent on stock market, but U.S. supply caps...

By Christopher JohnsonLONDON/NEW YORK (Reuters) - Oil prices were driven 2 percent higher by an ongoing rally in the U.S. stock market on Thursday,...

UPDATE 1-Shell, Phillips 66 buy 6.4 mln bbls of oil from...

(Adds details about sale price, background) Jan 24 Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil...