Morgan Stanley, the biggest oil trader on Wall Street, has hired a tanker to ship 80,000 tons of fuel oil to the Far East from Saudi Arabia, a shipbroker said.

Russia's Gazprom declared it again could allow foreign partners to jointly develop the Shtokman gas reserves, the company's deputy CEO Alexander Medvedev said in an interview published on Monday, July 9.

Norwegian oil and gas producer Statoil ASA is looking for more business alliances with state-owned oil companies, business internet newservice DN.no reported.

Venezuelan state oil enterprise PVDSA confirms positive dialogue with oil workers of the top national industry, said Dario Merchan, director of personnel of this company.

Saudi Aramco, the world's largest state oil company, cut prices of its crude oil to be exported to the U.S. in August. It raised prices for Europe.

Smear Campaign Could Ease Path to Multi-Billion Dollar Judgment for Rainforest Residents in Landmark Case

Sonangol, the Angolan state oil company, as concessionaire, and Total, as operator, are pleased to announce that the Angola’s deepwater Rosa field in Block 17 started production on June 18.

Russia's biggest oil producer, Rosneft, has announced plans to buy hundreds of filling stations and oil-production units that once belonged to the bankrupt oil giant, Yukos.

The debate over how much readily accessible oil remains on Earth has been revived with the release of a new report that suggests there is enough to last about 40 years.

Hundreds of angry villagers chased workers away from an oil-transfer facility Monday, June 18, in Nigeria and occupied the premises to try to get money.

Oil prices held steady around US$68 a barrel in Asian trading on Monday, June 18, on lingering concerns U.S. gasoline supplies are still not meeting peak summer demand.

Russia's president Vladimir Putin signed a federal law Thursday ratifying a deal to build a oil pipeline across the Balkan states to Europe.