Even if all OPEC members and Russia were to comply 100 percent, global oil inventories could still rise by 700,000 b/d in 1Q 2020.

Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost.

Iran says it has detained a ship carrying smuggled fuel near the entrance to the Strait of Hormuz.

Two factors could directly affect the future level of US crude exports.

US crude oil exports and new construction projects were some of the most popular topics.

Exxon Mobil Corp. said Monday it has secured more than 1.7 million acres for exploration offshore Egypt.

Iraq resumed pumping at the Nasiriya oil field one day after protesters forced a halt in operations.

Hedge funds are approaching the end of the year more optimistic on global oil prices than they've been since May.

Petronas has completed the acquisition of a 50 percent stake in the Tartaruga Verde producing field and Module III of the Espadarte field.

Magseis Fairfield has been awarded two consecutive deepwater ocean bottom node projects in the Gulf of Mexico by 'an undisclosed repeat customer'.

Oil traded near the highest close in over three months after U.S. crude stockpiles declined more than expected.

Oil posts the longest run of weekly gains since April as prices followed equities higher and a government report showed U.S. crude inventories falling to the lowest in two months.

The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat.

Oil and gas activity dipped again in the fourth quarter, but saw slight improvements from the third quarter, according to results from the Dallas Fed's 4Q Energy Survey.

Eni and its partners in Nigeria LNG have taken the final investment decision for the expansion project of the LNG plant.

OPEC+ output cuts have stabilized the global oil market but can't last forever, Russia said.

Saipem's onshore and offshore drilling divisions have been awarded new contracts, and extensions to existing contracts, worth approximately $1.7 billion.

Oil held gains near the highest level in more than three months on indications of shrinking U.S. crude stockpiles and optimism in the global economic outlook.

Oil advances in light trading, with prices set for the biggest monthly gain in almost a year on speculation that supplies are shrinking.

TC Energy Corporation has agreed to sell 65 percent equity interest in the Coastal GasLink Pipeline Project to private equity group KKR & Co. Inc. and Alberta Investment Management Corporation.