Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the ...

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

Despite the risk of a correction, the combination of U.S. sanctions, inventory draws, and cautious OPEC+ policies supports a ...

India's palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the ...

The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy ...

Many of the vessels transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia ...

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two ...