WTI oil price remains in red for the second consecutive, weighed by fresh demand concerns following weak manufacturing ...

Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.

British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and ...

BP has doubled down on oil and gas production in an effort to boost shareholder valuations as profitability declines and net debt rises. It has launched a review of its portfolio and in October its ...

Crude oil prices remain stable as markets balance OPEC+ supply adjustments, weak global demand, and heightened geopolitical risks, while technical indicators suggest continued uncertainty in the ...

Abdulkarim Ahmed Al Mazmi, Chief Executive Officer of Dragon Oil, and Rovshan Najaf, President of SOCAR, signed the MoU in ...

The oil-and-gas company increased its full-year divestment proceeds target as it continues with its turnaround program to ...

OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but ...

The trusted investor group included American golf pro Phil Mickelson, Hunterbrook reported. Mickelson settled with the U.S.

At the world’s top commodities bank, oil and gas trading has slowed amid several key departures. Over the past 20 years, Australian banking giant Macquarie Group has transformed itself into a US ...

Torbjörn Törnqvist has just struck one of the deals of his lifetime, pouncing on the overseas operations of Lukoil soon after ...

Top Western oil companies are enjoying a windfall from the expanding attacks on Russia's oil industry – both literal and economic – that have boosted global refining profit margins and mitigated ...