Industry - Oil latest news

Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of late starters. Some titans of industry start mapping out their destiny almost from birth, but not Kloppers, who in his twenties played...

The Toronto Stock Exchange's main index just managed to end on the plus side on Friday, following a sharp three-day losing streak, as gains by resource and consumer issues offset worries over the outlook for ...

PFC energy said in a report that a consensus is building within Opec on the need to reduce oil output to prevent a supply overhang and prop up prices, Reuters has reported. Opec will meet on September 9. Extra Saudi oil and declining demand from slowing economies in the West were seen as factors in lower crude prices that has gone down to around $110 a barrel. [AMEInfo.com]

Hindustan Petroleum Corporation Limited , a Fortune 500 company that refines and markets petroleum products in India, will use Radio Frequency Identification to track liquefied petroleum gas from plant to ...

British and Russian shareholders fighting for control of their joint venture TNK-BP are expected to agree to a deal next week.

Oil and natural gas production, virtually shut off in the Gulf of Mexico for the past several days because of Hurricane Gustav, has resumed, though at very low levels, the U.S. Minerals management Service said ...

An agreement putting to rest a bitter fight between Britain's BP and Russian investors over a joint-venture shows that foreign companies can invest with confidence in Russia's energy sector, a top official with ...

Nigeria and Russia have signed a pact to explore natural gas reserves in the West African nation.