The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".

Khafji was shut down in 2014 after a spat between the neighbors.

Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.

The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.

Phillips 66 and Renewable Energy Group have announced that they are discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington.

All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.

Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.

WTI and Brent crude oil prices posted modest declines during Tuesday's session.

The country canceled several LNG tenders in 2019 because the prices that it received didn't even match the cost of production.

A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.

Though less than a month in, the new year has been difficult for oil refiners.

Nord Stream 2's owners are looking for an appraisal that grandfathers in earlier provisions that helped make the project economic.

The company will file for bankruptcy after it reached an agreement with creditors to tackle debt acquired through a botched acquisition.

Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.

Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.

The U.S. embassy in Libya called Tuesday for an immediate resumption of oil production.

The board of BP announced Tuesday that its chief financial officer, Brian Gilvary, has decided to retire from the company and step down from the BP board on June 30.

TechnipFMC has announced that its planned transaction to separate into two companies is 'well on track' for completion in the first half of 2020.

Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.

Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.