(Bloomberg) -- Oil reduced its decline after the industry report showed U.S. fuel stockpiles fell last week.

Futures in New York narrowed their decline after the American Petroleum Institute was said to have reported distillate inventories sank 4.26 million barrels and gasoline also fell.

(Bloomberg) -- It isn’t clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.

Subsea 7 S.A. has secured a ‘substantial’ contract with BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.

Oil and gas supermajor Eni SpA announced Sunday that it has signed agreements to acquire a stake in two of Abu Dhabi’s offshore producing concessions.

March 11 (Reuters) - British officials have been informed by their Saudi counterparts that oil giant Saudi Aramco's <IPO-ARMO.SE> initial public offering is likely to be delayed until 2019, the Financial Times reported.

TINHERT, Algeria, March 12 (Reuters) - Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on Monday.