Oil

Royal Dutch Shell reported a sharp rise in net profit on Thursday, ahead of analyst forecasts and supported by stronger oil prices and improved refining margins.

Royal Dutch Shell reported a sharp rise in net profit on Thursday, ahead of analyst forecasts and supported by stronger oil prices and improved refining margins.

Oil prices were little changed on Wednesday in a volatile session as the market mulled U.S. government data showing that while there were signs a crude glut may be receding, crude inventories remain large with gasoline demand weak.

Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level.

Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level.

BP's profit nearly tripled in the first quarter of 2017 from a year earlier thanks to higher oil prices and production, and as its sharp cost cutting drive bears fruit.

Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC-led production cuts aimed at clearing a supply glut.

Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC-led production cuts aimed at clearing a supply glut.

Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year.

U.S. President Donald Trump signed an executive order on Friday to extend offshore oil and gas drilling to areas that have been off limits, in a move to boost domestic production just as industry demand for the acreage nears the lowest in years.

Oil producer Chevron Corp said on Friday it swung to a first-quarter profit due to cost cuts and rising crude prices.

Oil producer Chevron Corp said on Friday it swung to a first-quarter profit due to cost cuts and rising crude prices.

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices and cost cuts.

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices and cost cuts.

President Trump is expected to set the table for new offshore drilling, although it could take years before oil majors enter the Arctic or Atlantic oceans.

Crude prices fell more than 1 percent on Thursday as the restart of two key oilfields in Libya pumped more crude into an already bloated market.

Oil prices rebounded from earlier losses on Wednesday after data showed a larger-than-expected falloff in U.S. crude inventories, a salve for investors after several days of declines founded on worries about the slow pace of global efforts to reduce a glut.

Oil prices rebounded from earlier losses on Wednesday after data showed a larger-than-expected falloff in U.S. crude inventories, a salve for investors after several days of declines founded on worries about the slow pace of global efforts to reduce a glut.