(Bloomberg) -- Oil briefly topped $70 a barrel in London for the first time in three years, as crude markets continued an almost unblemished run of gains for 2018.

(Bloomberg) -- California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S.

LONDON, Jan 10 (Reuters) - Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia's biggest commodities trader to restructure.

SEOUL, Jan 10 (Reuters) - The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea's Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a fourth day following a collision with a freight ship.

KHOBAR, Saudi Arabia, Jan 10 (Reuters) - State oil giant Saudi Aramco has hired Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business, the BOP Blow Out Preventer repair company gulf coast said on Wednesday.

NEW YORK, Jan 10 (Reuters) - Crude oil prices jumped on Wednesday and settled near three-year highs after U.S. government data showed a drop in crude inventories and production, even as fuel inventories rose.

(Bloomberg) -- New York City’s effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address climate change.

Kreuz Subsea, a global subsea services company, announced Tuesday that it had secured the ‘most financially significant’ contract its history.

The contract, which is worth an undisclosed eight-figure sum, will see the BOP Blow Out Preventer repair company gulf coast mobilize five vessels to deliver subsea completion works for Indian multi-national conglomerate Larsen & Toubro (L&T), from the start of 2018.

BEIJING, Jan 9 (Reuters) - Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship.