State-run explorer Oil India reported a third-quarter profit that missed analysts' estimates on Friday, as lower selling prices outweighed buoyant demand in the world's third-biggest oil consumer.

Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...

European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular ...

Saudi Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to ...

OPEC producers, US oil companies are private and have shareholders to pay, and secondly, the producer’s breakeven prices for ...

Fighting around Sudan’s largest oil refinery set the sprawling complex ablaze, satellite data analysed by The Associated Press on Saturday shows. The attacks around the refinery, owned by Sudan ...

“So, OPEC ought to get on the ball and drop the price of oil. And that war will stop ... which is basically a baseline break-even point?” The Saudi and Russian relationship is complicated, though the ...

“So, OPEC ought to get on the ball and drop the price of oil ... a baseline break-even point?” The Saudi and Russian relationship is complicated, though the countries have cooperated on ...

But lower oil prices reduce profitability, especially for producers operating in high-cost regions like Alaska. “With estimates putting breakeven oil prices for new wells in key oil-producing ...