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COSL has achieved stable income growth during the third quarter with a revenue increase of 23.1% from the corresponding period last year, and a net profit increase by 61.7%.

The slump in oil prices has spread relief among consumers and fuel-reliant industries, but also is squeezing the companies who could invest in new sources of oil -- spurring concerns that prices will prompt them to shelve investments.

BP could sign a preliminary deal with Jordan to explore and boost production from the Kingdom's Risha gas field near the border with Iraq.

Chief Executive Paolo Scaroni said he expects the Eni-led consortium to sign the final agreement with the Kazakh government over the Kashagan oil project on Friday, putting an end to a spat that started almost 18 months ago.

Mexican state oil firm Petroleos Mexicanos reported a net loss of $1.3 billion during the third quarter of this year.

U.S. crude futures rose more than $5 on Wednesday after the government's weekly oil inventory report showed crude oil supplies rose less than expected last week and gasoline supplies fell unexpectedly.

Oil companies PetroChina, Suncor energy and Hess Corp recorded higher quarterly earnings on Wednesday, but Hess joined the growing list of producers to cut its planned spending in the wake of the selloff in oil prices.

The vice president of Lukoil, Russia's largest private oil major, said Wednesday it may be best for Russia to join OPEC in production cuts to bolster oil prices slumping amid the financial turmoil.

AGCO Corp. reported Wednesday its third-quarter bottom line benefited from robust global sales.

Fear and mistrust of medical research are keeping a disproportionate number of African-Americans and Hispanics from participating in medical studies, a recent gathering of public health professionals and political leaders found.