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Exclusive: BP, Azerbaijan's Socar make maiden bid for Israeli offshore gas - sources

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licencing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.

Moscow , Moskva , Russia , Jerusalem , Israel-general- , Israel , Jordan , Ukraine , Cyprus , Lebanon , London , City-of

Exclusive: Mexico's Pemex to lose some 100,000 bpd of crude this month after fire -source

Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.

Mexico , Campeche , Sonda-de-campeche , Mexico-general- , Gulf-of-mexico , Ciudad-del-carmen , Conor-humphries , Isabel-martinez , Petroleos-mexicanos , Pemex , Reuters , Thomson-reuters-trust-principles

U.S. NHC says 50% chance of cyclone near Cape Verde Islands

A tropical wave located several hundred miles southwest of the Cape Verde Islands has a 50% chance of developing into a cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Monday.

Bengaluru , Karnataka , India , National-hurricane-center , Florida , United-states , Miami , Cape-verde , Cape-verde-islands , Harshit-verma , Sandra-maler , Kim-coghill

U.S. NHC says 50% chance of cyclone over Gulf of Mexico

A low pressure system located near the northeastern Gulf of Mexico has a 50% chance of developing into a cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Thursday.

Bengaluru , Karnataka , India , Miami , Florida , United-states , National-hurricane-center , Ashitha-shivaprasad , Us-national-hurricane-center , Thomson-reuters-trust-principles , Reuters , Hurricane-center

Financials, metals drag Indian shares on weak global cues

Indian shares fell on Wednesday after hitting five-month highs for three sessions in a row, as caution set in ahead of the U.S. Congress's approval of the debt deal and fresh concerns about China's stuttering economic recovery weighed on the sentiment.

Bengaluru , Karnataka , India , China , Mazagon , Maharashtra , Bharath-rajeswaran , Shrikant-chouhan , Janane-venkatraman , Dhanya-ann-thoppil , Nivedita-bhattacharjee , Reuters

What is OPEC+ and how does it impact oil prices?

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on June 4 to discuss their joint output policy.

Venezuela , United-arab-emirates , United-states , Nigeria , Gabon , Austria , Libya , Malaysia , Kazakhstan , Kuwait , Brunei , Oman

Indian shares may open higher on US debt ceiling deal

Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the U.S. added heft

Co-canada , Andhra-pradesh , India , Singapore , Bengaluru , Karnataka , Bharat , Kevin-mccarthy , Dhanya-ann-thoppil , Joe-biden , Sonia-cheema , Bharath-rajeswaran

Russia's Sakhalin-1 oil output back at peak 200,000 bpd, ONGC says

India's state-run Oil and Natural Gas Corp said oil output from the Sakhalin-1 project in Russia has bounced back to its plateau level of about 200,000 barrels per day (bpd) from zero, according to a company presentation.

Mozambique , San-cristobal , Méco , Mexico , Guyana , United-states , Venezuela , Mumbai , Maharashtra , India , Russia , Venezuelan

Chinese ships ignore Vietnam demand to leave area close to Russian-run gas fields

A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.

Russia , Philippines , China , South-china-sea , Brunei-general- , Brunei , Indonesia , Vietnam , Republic-of , Hanoi , Han-i , Vietnamese

Guyana's environmental agency appeals court decision against Exxon

Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.

Georgetown , Demerara-mahaica , Guyana , Stabroek , Guyanese , Kiana-wilburg , Kemraj-parsram , Frederick-collins , Aurora-ellis , Guyana-high-court-justice-sandil-kissoon , Reuters , Exxon