BP Plc failed to increase production at Azerbaijan’s largest oilfield in the first quarter even after coming under fire from the nation’s president

Brent crude rose above $101 a barrel on Wednesday, drawing support from strong equity markets, but gains were capped by data pointing to slower growth and fuel demand in major economies

China, the world’s second-biggest oil consumer, will cut gasoline and diesel prices in the first adjustment under new controls after crude declined

Oil futures may climb in New York next week after U.S. jobless claims dropped more than forecast, bolstering optimism about the world’s biggest economy, a Bloomberg survey showed. Fourteen of 36 analysts, or 39 percent, estimated crude will increase through …

Some fuel-oil trading companies have stopped leasing storage tanks in Singapore as it is no longer economical for them, with thin margins at the world's top marine fuels market failing to cover rental costs