Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.

Aug 1 (Reuters) - Shares of U.S.

Pemex has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche.

PEMEX Exploración y Producción has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche 50 miles northwest of Ciudad del Carmen, Mexico, McDermott reported Wednesday afternoon.

Oil prices fell about 2% as a surprise increase in US crude stockpiles fed concerns about global oversupply.

NEW YORK, Aug 1 (Reuters) - Oil prices fell about 2 percent on Wednesday as a surprise increase in U.S.

(Reuters) Aug 1 - Marathon Oil Corp raised its annual oil rig flanges gulf coast production forecast on Wednesday, after a surge in U.S quarterly output helped the oil producer top its own estimates.

Global oil demand grew by 1.7% in 2017, according to a new report released by Eni.

Global oil demand grew by 1.7 percent in 2017, according to a new report released by Eni.

LONDON, July 31 (Reuters) - A 12-hour strike by 45 workers that shut down oil rig flanges gulf coast production at three of Total's British offshore oil platforms ended as planned at midnight, a spokesman for Unite said on Tuesday.

Oil, gas recruiters highlight the most important soft skills for the sector.

Good communication and time management, effective team building and team working abilities, and a generous, honest and trustworthy attitude are the most important soft skills for oil and gas professionals, according to Huw Rothwell, North America managing director (MD) for recruitment specialist Petroplan.

Analyst contends oil markets 'are just correcting a bit.'

As was the case during the previous day’s trading, the WTI crude oil futures price rose above $70 a barrel on Tuesday.

Yemen's Houthi group says it is unilaterally halting attacks in the Red Sea.

DUBAI, July 31 (Reuters) - Yemen's Houthi group said on Tuesday it is unilaterally halting attacks in the Red Sea for two weeks to support peace efforts, days after Saudi Arabia suspended oil exports through a strategic Red Sea channel following attacks on crude tankers last week.