Rampant inflation, a collapsing currency and export restrictions have destabilized Iran's economy and sparked deadly protests.

Venezuela holds the world’s largest proven oil reserves, controlling more of the vitally important natural resource than any other nation, according to recent data. Despite possessing an estimated 303 ...

Discovering oil or gas in significant volume… is a rarity. The new natural gas discovery in offshore Palawan Island is the ...

Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

By Robert Harvey LONDON, Jan 21 (Reuters) - The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so far excess supplies ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

Some inspiration for helping fossil-fuel-producing countries transition to cleaner energy could come from Brazil and Norway. Two years ago, countries around the world set a goal of “transitioning away ...

Rio Tinto and Glencore are in early, non-binding talks over a possible tie-up that would create a ~$260 billion mining giant.

Around 30 percent of global oil reserves might be consolidated under U.S. influence. That’s what J.P. Morgan analysts, including the company’s head of global commodities strategy Natasha Kaneva, ...

Animated map showing Venezuela's oil reserves, pipelines, distribution network and refineries, according to the country's Ministry of Hydrocarbons VIDEOGRAPHIC ...

Muted oil prices amid rising tensions signal a deeper shift that geopolitics matter less as electrification and energy ...

If you want oil paintings of aspen trees or cityscapes, Sparky Lebold is not your guy. But if you want traditional, richly textured landscapes of the sea, open spaces, rundown buildings, figures and ...