Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas

Some analysts and investors worry that oil companies will not spend enough either to sustain growth in their core businesses, or to open options in alternative energy sources for a world in which oil and gas consumption is constrained by climate policy or high prices.

BP ’s attempts to reclaim what it describes as excessive compensation payments for the 2010 Deepwater Horizon disaster have been rejected by a US court, in a further setback to the company’s hopes of limiting the cost of the accident.

Brazil's state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.

OIL PRICES WTI, BRENT,1990 - 2014

BBC - Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine,

France’s Total on Monday said its joint venture with Russia’s Lukoil , to explore shale oil in western Siberia , had ground to a halt as a result of western sanctions.

France’s Total on Monday said its joint venture with Russia’s Lukoil , to explore shale oil in western Siberia , had ground to a halt as a result of western sanctions.

Total Looks to China to Finance Russian Gas Project Amid Sanctions Total SA said it was seeking nondollar financing for a gas project in Russia, becoming the second energy company in several days to indicate that Western sanctions on the Kremlin are affecting expansion plans.