The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data.

The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...

Photos obtained by CBC News reveal the extent of the damage to an important oil terminal near Arnold's Cove — and the ...

Welcome to the Money blog as the Bank of England announces a cut in the base rate from 4.75% to 4.5%. That's all from our live Q&A and the Money blog today - scroll down to read expert answers on what ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Chevron is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told Reuters, raising its output to around 1% of global crude supply.

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.