Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.» Read More
Oil prices closed slightly higher after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery.
European shares traded sharply higher as buying was fueled by earnings and reports that the ECB would provide extra liquidity in the near future.
Tributes pour in for Christophe de Margerie after the chief executive of Total died in a business jet crash in Moscow.
The chief exec of Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport.
*Total CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials said. "Total confirms with deep regret and great sadness that Chairman and CEO...
*Defender of Moscow policies killed in plane-plow crash. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova said on Tuesday. The collision occurred during takeoff of the Dassault Falcon business...
MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snowplow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova said on Tuesday. De Margerie, 63, a graduate of the Ecole Superieure de Commerce business school in Paris, became chief executive officer of Total...
SINGAPORE, Oct 21- U.S. crude futures hovered near $83 a barrel on Tuesday after an uneventful session overnight and ahead of data from China that may point to cooling economic growth in the world's No. 2 oil consumer. *U.S. crude for November delivery was up 4 cents at $82.75 a barrel by 0008 GMT after ending nearly flat at $82.71 on Monday. *About a third of U.S. shale...
European shares closed sharply lower on Friday, as concerns over global growth and weaker economic data from Germany hit risk sentiment.
On Thursday, Norwegian oil firm Statoil said it will postpone its 40,000 barrels-a-day Corner project for at least three years, possibly indefinitely. While a handful of other projects have also been delayed or canceled this year, due in part to rising costs, Statoil is the first company to explicitly cite "limited pipeline access" as a reason.
NEW YORK/ PARIS, Sept 25- French oil company Total SA has launched a process to sell its 17 percent stake in the Gulf of Mexico' s Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.
The South Pacific nation began exports this year from Exxon Mobil Corp's $19 billion PNG LNG project, the largest private investment in the nation's history. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The South Pacific nation began exports from Exxon Mobil Corp's $19 billion PNG LNG project this year. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The OPEC basket of 12 crude oils slid to $94.31, the lowest level since July 2012 even as the U.S. confirmed 14 air strikes against ISIS.
RIO DE JANEIRO, Sept 18- Brazil's state-run oil company, Petroleo Brasileiro SA, will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on Thursday.
MINNEAPOLIS, Sept 18- A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp's reputation as a top-notch operator of profitable energy projects around the world.
RIO DE JANEIRO, Sept 17- Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wednesday, a move that could strip Shell of operational control of the resource. She spoke at an oil industry event in Rio de Janeiro.
*BNP Paribas tasked to find buyers for field- sources. LONDON/ LAGOS, Sept 16- France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
Europe's Total, under pressure from shareholders to improve its cash flow and raise dividends, is looking to sell Blu-Tack maker Bostik.
Brazil's oil industry may be large and growing, but little of what Rousseff promised when elected in 2010- or before then as energy minister or chairwoman of state-run energy giant Petrobras- has come to pass.