One bill that would have required oil companies to help pay for damages from climate-driven disasters failed and another that ...

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offers hope that the oil glut in the market will reduce significantly. The international benchmark, Brent crude closed at $42.20 for a 9.5% weekly gain, after it opened on Monday at $38.80 a barrel.

On one hand, amid mounting fears of a supply and inventory glut ... the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under Joe Biden's ...

Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit ... demand and the current situation on global oil markets is reminiscent of the 1980s oil glut, former BP boss John ...

Although some executives worry that increased drilling could lead to an oil glut that could lower prices and profits, most don’t want to be restricted in terms of where they can explore and drill.

Three young women are photographed, mid-laughter, on a beach. It’s a sunny day in the early 1980s. Their arms are wrapped around one another. They’re snacking on potato chips, stretching out ...

Editor’s Note: Have you recreated a favorite vacation photo years later? Get in touch with CNN via the form below to share your story. Three young women are photographed, mid-laughter, on a beach.

With an oil glut expected in 2025, producers are cutting costs, with spending expected to decline by around 3 percent in North America this year, which will likely mean more job cuts.

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.

US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand, according to the US Energy Information Administration. The agency said US gasoline prices ...

Where’s the glut? I think we were promised an crude oil glut, but it isn’t happening. In the latest Energy Information Administration (EIA) Short Term Energy outlook they reported that global ...