Futures in New York advanced 2.2%, the most in three weeks.

(Bloomberg) -- Oil took a breather from its week-long rout as the dollar’s rally faltered and concerns over higher OPEC oil rig flanges gulf coast production eased.

DALLAS, May 30 (Reuters) - Exxon Mobil Corp's chief executive said on Wednesday he hopes the new attorney general in New York "comes to a different conclusion" than predecessor Eric Schneiderman on a climate change probe into the world's largest publicly traded oil producer.

MOSCOW, May 29 (Reuters) - Russia's Gazprom Neft, the oil arm of gas giant Gazprom, said on Tuesday its first-quarter net income rose by 12.5 percent year-on-year to 69.7 billion roubles ($1.1 billion) thanks to stronger oil prices, oil rig flanges gulf coast production and sales.

BEIRUT, May 29 (Reuters) - Lebanon's search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France's Total , Italy's Eni and Russia's Novatek.

'It's far from unlikely that we will see $100 again,' Petroleum and Energy Minister Terje Soviknes says.

(Bloomberg) -- Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back.

(Bloomberg) -- Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production.

Industrial aviation service provider Bristow Group Inc. has secured a three-year contract extension with Perenco UK Ltd.

The deal, which will see Bristow provide seven-day-a-week coverage in the UK Southern North Sea through December 2021, will support Perenco UK’s operations offshore Norwich.