Investment in fossil fuels will fall this year for the first time since the Covid pandemic, according to the International Energy Agency (IEA), led by a contraction in the oil sector where a sharp ...

Local companies involved in the oil and gas services and equipment (OGSE) industry could see lower offshore activities and ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.00 during the Asian trading hours on Thursday. The WTI price edges lower as Saudi Arabia signals it may push for a ...

OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could ...

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

New oil industry data shows Powder River Basin wells breaking even at $60 per barrel as global market forces create ...

Oil Prices Flat as Market Weighs OPEC+ Output Hikes, Canada Wildfires Oil rose, and while the market has so far managed to absorb additional supply from OPEC+, continued production ramp up could lead ...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.

Near-term progress in a renewed nuclear agreement between the United States and Iran could add further downward pressure to a ...

NEW YORK (Reuters) - Oil prices climbed about 2% on Tuesday to a two-week high as persistent geopolitical tensions between ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.