China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...

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The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.7 million ...

Oil prices rebounded on Friday after three weeks of decline, driven by expectations of further US Federal Reserve (Fed) rate ...

The interim leader of the conservative People Power Party, Kwon Young-se, called for continued drilling in Korea's deep-sea ...

Oil rose in early trade after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China.

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