Crude oil prices have been trending lower over the past couple of days, but the benchmarks are on course to book both a weekly and a monthly rise. On a monthly

The Caspian Pipeline Consortium has shut down again, following Ukrainian drone attacks on two tankers at the Russian Black Sea port of Novorossiysk, Reuters rep

BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in high-return projects.

Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to buy five supertankers to bette

Half a dozen empty Saudi oil tankers have turned away in the Arabian Sea from the Red Sea chokepoint Bab el-Mandeb and headed south around Africa in the western

September WTI crude oil futures were trading at $84.12 late Thursday, down $6.35, or 7.02%, for the week. With Friday’s session still ahead, the weekly result i

Iran on Friday claimed it launched attacks on U.S. military assets in Bahrain and Kuwait amid the latest re-escalation of hostilities in the region, which dashe

A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.

The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.

The decision follows a review of BP's operations and is set to end 60 years of production in the region by the oil giant.

The price of unleaded hits 160p a litre, according to motoring group the RAC, as oil prices remain elevated.

ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

In a surprise development, the tiny South American nation of Guyana recently emerged as a major oil exporter. In a mere four years, the former British colony of

Tightening global supply of oil and gas is putting Europe on course for a difficult winter this year due to the continent’s significant dependence on energy imp

Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb Strait, despite information about renewed strikes b

Japan’s biggest refiner, Eneos, has bought a rare cargo of Canadian crude as the country seeks to diversify away from Middle Eastern crude. This is the first Ca

Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong tradi

Two oil tankers that had attempted to transit the Strait of Hormuz with U.S. support via the southern lane close to Oman have turned back after one of them caug

The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sa