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World 26 Sep 2020 | 5:09 AM

Number of active U.S. drilling rigs increases this week

HOUSTON, Sept. 25 (Xinhua) -- The number of active drilling rigs in the United States increased by six to 261 this week, down by 599 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.

World 25 Sep 2020 | 3:57 AM

Oil prices inch higher in volatile trading

NEW YORK, Sept. 24 (Xinhua) -- Oil prices climbed modestly on Thursday as traders weighed various elements.

World 24 Sep 2020 | 6:42 PM

Fire-hit supertanker owner to pay £1.4 million for Sri Lanka's help

COLOMBO/NEW DELHI (Reuters) - The owners the New Diamond supertanker which caught fire with a cargo of two million barrels of oil aboard has agreed to pay 340 million rupees (£1.44 million) to Sri Lanka for its help in extinguishing the blaze and averting disaster.