OMV Stakes

Oil prices finish lower after Angola announces decision to leave OPEC Oil futures settled lower Thursday after Angola announces it will exit the Organization of the Petroleum Exporting Countries. Global Conflicts Stir Sleeping Energy Giant in South America Argentina's Vaca Muerta shale field is among the megaprojects ramping up around the region.

Angola to Leave OPEC After Production Quota Dispute Angola said it is leaving the Organization of the Petroleum Exporting Countries, according to official news agency Angop, after a recent dispute over oil production quotas with the cartel. Harbour Energy Buys Wintershall Dea Upstream Assets for $11.2 Billion Harbour Energy said it would buy most of the upstream assets of oil-and-gas producer Wintershall Dea for $11.2 billion from its shareholders BASF and LetterOne.

Oil futures tally a third straight gain on Red Sea shipping disruptions Oil futures tally a third straight rise Wednesday as traders monitored tensions in the Red Sea that have led to disruptions to global trade. Crude-Oil, Gasoline Stockpiles Rise as Refineries Ramp Up Runs U.S. crude-oil inventories rose last week by 2.9 million barrels, contrary to analysts' expectations for a fall, while gasoline stocks rose by a greater-than-expected 2.7 million barrels, government data showed.