LONDON, May 14 (Reuters) - A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, thanks to an OPEC-led pact to cut supplies that has been in place since January 2017 and due to rising global demand.

DUBAI, May 14 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has signed a project development agreement with Spain's Cepsa for a new linear alkylbenzene (LAB) facility in ADNOC’s Ruwais refining and petrochemicals complex.

May 14 (Reuters) - Valero Energy Corp has agreed to purchase Pure Biofuels Del Peru from private equity firm Pegasus Capital Advisors, the companies said on Monday, marking the U.S.

TOKYO, May 11 (Reuters) - JXTG Holdings, Japan's biggest oil refiner, will likely turn to other Middle Eastern suppliers to meet shortfalls if it has to curb Iranian crude purchases after the resumption of U.S.

Reach Subsea has hailed its workforce after securing a five year frame agreement with Statoil for inspection, maintenance and repair services (IMR).

The frame agreement, which commences in 2019, is call-off based, which means Statoil can award contracts for IMR services on an as needed basis.

Crude prices fell in a see-saw session, retreating after early gains.

NEW YORK, May 11 (Reuters) - Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that U.S.