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.

Norwegian oil and gas producer Equinor will proceed with the development of its Rosebank oil and gas field, the company's UK ...

Oil prices fell on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on ...

Novatek, the Russian LNG giant, reported increased profits in 2024 despite facing significant challenges from Western ...

TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal ...

The World Bank projects that the economic growth rate of Gulf countries will reach 3.4 percent in 2025, rising to 4.1 percent ...

OPEC on Tuesday said oil market stability is key to investment and global economic development and the producers cartel has ...

Australian power producer AGL Energy's first-half underlying profit beat analysts' estimate on Wednesday, as higher generation volumes at its Bayswater power plant helped offset lower retail margins ...

Two deep, one unconventional and one old’ strategy aims to revitalise China’s upstream prospects through targeted exploration ...