Wheatstone cost tops $US34 billion amid construction difficulties

The cost of Chevron's Wheatstone natural gas project in WA has blown out.

Chevron has confirmed a significant cost blow out at the massive Wheatstone gas export project off western Australia as partners in one of Queensland's projects, APLNG,  has confirmed it may not reach full capacity for another six months due to gas supply constraints.

Oil falls on Russian output comments

Russia has capacity to add as much as 4 million barrels a day, if there's demand, and technological and economic ...

Oil declined from a 15-month high as Russia's largest oil company said the country could boost production and Nigeria lowered prices for its crude.