Oil prices and tanker earnings often move in opposite directions.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

In eight years. the Obama administration oversaw 11 lease sales. while the Carter Administration authorized a record 36.

The Shanghai Maritime Safety Administration said areas surrounding the Sanchi tanker were still burning.

Gas exports to Georgia require fulfillment of different conditions. including the consent of Armenia.

The extent of the spill and environmental hazard were still unclear.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.

This soaring demand has already created shortages in parts of the country.

Soco holds mature oil and gas assets in Vietnam. Congo and Angola with no interests to the low-cost fields in the Middle East.

Britain has been more successful in generating clean electricity than many developed countries.