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Norway's Mongstad oil refinery stopped production on Wednesday following a power outage.
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Savannah Petroleum plc makes an oil discovery at the Eridal-1 exploration well, which is situated onshore Niger.
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The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.
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UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.
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The recovery in the oil industry is attracting some of the most recognized billionaires in money management.
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A stronger US Dollar and a weakening Turkish lira factored into the oil market's performance on Tuesday.
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Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.
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Some of the world's most prominent energy investors are convinced the price will return to record highs.
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Nigeria's state oil company could allow private investors to install two refineries on two of its sites, it says.
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Chinese oil refinery output rose 11.6% in July from a year earlier.
