Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.
A diesel oil spill spread a large reddish stain over Manila Bay in the Philippines' capital on Friday, posing potential health and environmental hazards.
Yemen said Wednesday it had foiled an Al-Qaeda plot to storm a Western-run oil terminal and seize a port city, as a terror alert kept US Middle East missions closed.
Preliminary results of geological exploration of the new Kazakhstan oil field have showed the total anticipated reserves of around 120 million tons (880 million barrels).
The project to modernize the oil refinery is estimated at $1.07 billion. The Company plans to spend about $300 million to purchase equipment this year.
French Prime Minister Jean-Marc Ayrault assured Malaysia that European rules on declaring product ingredients would not "discriminate" against palm oil.
Halliburton Energy Services has admitted destroying evidence relating to the devastating 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
Officials in Canada said Sunday they have located five bodies so far in their grim search for victims from the catastrophic derailment of an oil-laden cargo train.