U.S.-based Devon Energy Corp will not bring oil wells online unless it has the capacity to deal with the gas byproducts, Chief Executive David Hager told a conference on Wednesday.

• September 10, 2018

Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years, Alexei Sazanov, the head of the tax department in the finance ministry, said in an interview.

• September 10, 2018

The world crude oil market is currently balanced, Algerian Energy Minister Mustapha Guitouni said on Monday ahead of a meeting of producers in Algiers.

• September 10, 2018

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.

• September 4, 2018

Oil rose to the highest in almost two months in London as Iranian crude exports tumble, with Asian buyers taking fewer cargoes from the Middle Eastern nation weeks before U.S. sanctions take full effect.

• September 4, 2018

A looming shortage of Iranian oil supplies has hedge funds switching gears.

• September 4, 2018

An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.

• August 31, 2018

The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.

• August 31, 2018