China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the world's largest metamorphic buried hill oilfield, marking a major milestone in ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

The Trump administration isn't looking to clash with the Federal Reserve over interest rates, Treasury Secretary Scott ...

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 ...

Oil and condensate reserves increased by 592 million tons and natural gas by 708 billion cubic meters, surpassing the ...

The pound slipped ahead of the Bank of England's crucial interest rate decision, with traders anticipating a reduction from 4 ...

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

The ministry specified that the current volume of reserves is 5% lower than the five-year average for this time of year ...

There are over 90 sovereign wealth funds in the world. The biggest ones are owned by states with significant oil revenues and ...

Not too long ago, the idea that a country would adopt Bitcoin as part of its national strategy was met with skepticism if not ...

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

In spite of the vicissitudes and volatile nature of both the local and global oil markets, Oando Plc led by the indefatigable Wale Tinubu has continued to break new grounds, consolidating itself as an ...