Bloomberg Oil held its advance after the longest run of gains in more than a year as US crude and gasoline stockpiles declined, easing an overhang of supplies that are at the highest seasonal level in at least two decades. Futures were little changed in New York after advancing more than 12 percent over the previous five sessions. Crude ...

  Bloomberg Mad Dog, BP Plc’s drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry’s war on cost. When the British oil giant announced the project’s second phase in 2011, it put the price at $20 billion. Last month, after simplifying plans and benefiting from a sharp drop in everything from steel to ...

  Bloomberg Origin Energy Ltd. left the door open to splitting up once its $9 billion debt pile has been further trimmed as it reels from the collapse in energy prices. Australia’s largest electricity company made the “difficult decision” on Thursday to cancel its dividend for the first time since it was formed in 2000, preferring to concentrate on strengthening ...