Crude oil production from all 13 OPEC members slid by 49,000 barrels per day (bpd) in January from December as top producer Saudi Arabia slashed output by 156,0......

Global Oil And Gas Industry Sees Profits Soar To $4 Trillion·     The oil and gas industry saw its profits saw from an average of $1.5 trillion i......

The United States Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday that it is expected that the crude oil and ......

The United States said on Monday that it would sell 26 million barrels of crude oil from the Strategic Petroleum Reserve, which was authorized by Congress in pr......

The U.S. Energy Information Administration's (EIA's) February Short-Term Energy Outlook (STEO) forecasts that U.S. refinery utilization will remain abov......

The International Energy Agency (IEA) recently released the Energy Technology Outlook 2023, saying that the global energy sector is at the dawn of a "new i......

OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and f......

Goldman Sachs still expects Brent Crude prices to hit $100 per barrel this year, but only in December compared to earlier expectations of $100 oil as soon as mi......

Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key......

Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not done yet.        Spain’s Repsol unve......