Eni revealed Monday that it has made a new oil discovery on the Saasken exploration prospect offshore Mexico.

Oil was steady after the biggest weekly gain since September as hopes for an OPEC+ emergency meeting on the virus faded.

Investor confidence was lifted after China reassured the international community that a huge spike in new coronavirus cases was a one-off event.

The permission will assist heavily indebted Tullow to support production in its offshore fields.

The arrest of a former top government official is a breakthrough for Mexico's crackdown against corruption, but it puts President Andres Manuel Lopez Obrador in a delicate spot.

Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply.

A sudden oil buying spree by China's independent "teapot" refiners has taken Asian traders by surprise.

The global coronavirus outbreak could put heightened risk management and compliance plans to the test.

Demand is insufficient to absorb rising global supplies of this super-cold fossil fuel.

The company's low organic free cash flow breakeven of $47 per barrel will be key in 2020.

The company is prioritizing free cash flow generation over US onshore growth in 2020.

Tendeka's Jim McGowin will be based in Houston. PHOTO SOURCE: Tendeka

Seaway Crude Pipeline Co. LLC has extended a binding open season for a planned system capacity expansion.

The World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.

Centrica became the first energy company to book a major writedown on production assets in Europe.

CNOOC Limited has announced that the offshore Bozhong 34-9 oilfield has commenced production.

Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China's economy, the International Energy Agency said.

This photo shows the Chevron-operated Gorgon Project. PHOTO SOURCE: Chevron Australia Pty Ltd

The proven global reality that demand mounts as human development progresses makes India's oil usage unidirectional: up.

Despite this upheaval, E&Y sees an environment in which asset attrition outruns whatever reductions there might be in demand.