Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising ...

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information ...

Brazilian state-run oil giant Petrobras said on Wednesday it has signed a memorandum of understanding seeking to cooperate ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

The Bohai 26-6 Phase I project has begun production and aims to peak at around 22,300 barrels of oil equivalent daily by 2025 ...

U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy ...

UK-based player is advancing major gas import initiative at Bressay, enhanced oil recovery at Kraken, and new infill drilling ...

OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered environmental damage after oil giant Shell’s ...

Demand from China and the rest of the world ensures its impact on diplomacy and markets, but there's no question its ...

State run gas giant Gazprom spearheads increase in gas production in 2024 as it re-takes a larger share of the domestic ...