Oil prices eased on Wednesday, extending declines as the International Energy Agency forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.
Brent crude was down 24 cents, or 0.4%, at $64.35 a barrel, after dropping 0.3% on...
UK-based supermajor BP has withdrawn from the Kirkuk oilfield in northern Iraq after its field study contract expired, and no deal was signed for a potential expansion, likely because of discouraging study results, Reuters reported, quoting sources familiar with the issue and a senior source at...