Libya Crude Output Drops as Conflict Cuts Power at Oil Fields

Libya’s crude production dropped below 400,000 barrels a day as the conflict in the divided North African country cut electricity supply at oil fields, according to the state-run National Oil Corp.

Petrobras Cash Flow Woes Hit Tenaris Profit, CEO Says

Cash flow constraints at Petroleo Brasileiro SA (PBR), the biggest producer in ultra-deep waters, has slowed output gains, curbing profit at Tenaris SA (TS), the oil equipment supplier said today.

Brent holds near $111 on US fiscal uncertainty; Japan supports

SINGAPORE (Reuters) - Brent crude held near $111 per barrel on Thursday as jittery investors stayed on the sidelines with a deadline to avert a U.S. fiscal crisis approaching, while hopes the new Japanese government's policies will spur demand supported prices.