Bloomberg Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and US continue to gain market share at the expense of higher-cost rivals, said BP Plc. Demand for oil will expand by an average 0.7 percent a year over the next two decades, little more than half ...

  Bloomberg PetroChina Co., the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80 percent, putting it on pace to report a record-low profit. The slump is due to lower international oil prices and domestic natural gas prices dropping “drastically” compared with the previous year, it said in a filing ...

  Bloomberg BHP Billiton Ltd., the largest overseas investor in US shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur a deals spree. The company boosted spending on the unit to $165 million in the three months to December 31, from $108 million the previous quarter, according to a ...