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Brent crude prices rose a second straight day on Friday as Iran's upcoming parliamentary vote on halting exports to the European Union kept supply uncertainty in focus.
Low natural gas prices and a shortage of skilled labour will limit the number of wells drilled in Canada this year, the trade group representing the country’s oilfield services companies said on Friday.
South Sudan's top negotiator said his country would complete an oil production shutdown by Saturday, after Sudan and South Sudan failed to agree on a deal to end an oil crisis.
US supermajor ExxonMobil will continue to push for unconventional gas exploration in Germany alongside conventional gas production, despite scepticism over new drilling methods, its Europe chief said on Friday.
US junior Magellan Petroleum is producing oil from what the company calls a new pool discovery in the Amsden formation at the East Poplar Unit in Montana.
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