PetroChina, the nation’s biggest explorer, posted its lowest profit in eight quarters yesterday, while Cnooc Ltd., which only reports quarterly sales, saw a decline of 4.6 percent.

Royal Dutch Shell Posts Rise in Profit

When energy analysts and the media discuss the price of crude oil, they are typically referring to one of a small group of specific types of crude oil that are widely and actively bought and sold. The use of such benchmark crudes makes it easier for buyers and sellers to price the variety of crudes that are produced around the world.

Light, Sweet Crude for December Delivery Rose 42 cents, to $81.42 a Barrel

Mexico is poised to redraft part of next year’s federal budget after a steep fall in oil prices upended the country’s revenue assumptions.

BP today reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion.

Integrated oil and gas (IOG) companies Gazprom and Rosneft Oil Company represented Russia in the top 10 positions of the 2014Platts Top 250 Global Energy Company Rankings®, unveiled Tuesday at the ninth annual Platts Top 250 Asia Awards Dinner in Singapore.

The world needs a full transition towards a low-carbon economy

BP posts slump in Russian income but raises dividend

Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.