Oil and Gas

Higher prices are buoying drillers’ confidence: Benchmark Nymex oil gained nearly 35 percent in the past four months after OPEC…

Lebanon’s caretaker public works and transport minister says he signed a document expanding Lebanon’s claims in its maritime border dispute…

The $3.8bn pipeline crosses beneath the Missouri River, just north of the Standing Rock Sioux Reservation that straddles the North…

Saudi Aramco still has a long way to go in ensuring that its emissions disclosures match those of other oil majors.…

Strong sales are a sign that demand for Tesla’s relatively pricey electric vehicles remains high despite the coronavirus pandemic. Tesla…

Defying market expectations for the second time in less than a month, the group agreed to add more than two…

The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to…

Saudi Arabia is trying to wean its economy off its reliance on oil exports, which account for more than half…

A fresh wave of COVID lockdowns may cause OPEC+ to extend cuts into May when it meets Thursday, Reuters reports.…

United States stocks stabilised in afternoon trading Monday and hovered near the record highs they set last week, but losses…

The fire, which seriously injured five people and prompted the evacuation of hundreds of nearby residents, has been localised and…

Salvage teams have freed a container ship stuck in the crucial waterway since last week, blocking hundreds of vessels. Asian…

Blockage of the Suez Canal by a stranded ship impacts oil imports to beleaguered Syria, which was already suffering from…

Salvage firm says giant ship blocking Suez Canal, among busiest channels for oil and fuels, could take weeks to free.…

Ships are beginning costly and time-consuming detours around Africa with the Suez Canal still blocked by a massive container vessel,…

The 13 Republican-leaning states seek a court order ending the moratorium that United States President Joe Biden imposed in January.…

The grounding of a container ship in the crucial waterway has blocked traffic, raising fears of crude oil supply disruptions.…

Oil and gas industry representatives and White House officials discussed emissions and plans to decarbonise the economy. Representatives from the…

Democratic Senators Alex Padilla and Dianne Feinstein, in an unreported letter seen by Reuters news agency, called on the US president ‘to…

The administration of United States President Joe Biden is considering additional sanctions to block the construction of the almost completed…

The European Union has frozen plans to blacklist more senior executives at Turkey’s state-owned Turkish Petroleum Corporation (TPAO), four diplomats said, in…

Rising commodity prices have bank analysts and strategists asking if resurgent demand for raw materials and insufficient supply will create…

Turkey’s Monetary Policy Committee raised the one-week repo rate to 19 percent from 17 percent on Thursday. Turkey’s central bank…

Six executives of United States oil refiner Citgo have been jailed in Caracas on graft charges since 2017, but court…

The provincial government in Canada’s oil-rich province of Alberta is up in arms over a Netflix cartoon for children that…

Indian state-run refiners including Indian Oil Corp, the country’s biggest crude processor, are planning to cut purchases from Saudi Arabia…

Kenya has refused to participate in hearings at the World Court about a maritime boundary dispute with Somalia over contested…

Venezuelan President Nicolas Maduro has been quietly handing over dozens of run-down gasoline stations to local entrepreneurs who turn them into flashy…

You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet…

Crude prices remain above the level needed to encourage US producers to increase production, some analysts say. Oil fell for…

Brent crude futures rose above $70 first time since COVID pandemic began while US crude was its highest in two…

United States President Joe Biden is facing stiff resistance in the US Senate to his nominations for multiple cabinet and…

Asian stocks skidded to one-month lows on Friday as rising United States Treasury bond yields again rattled equity investors while…

Riyadh is considering extending its voluntary oil cuts of one million barrels per day into April, Reuters news reports. Oil…

The National Iranian Oil Co reached out to five refiners in Asia for possible business deals if the US lifts…

OPEC and its allies have a tough decision to make when they meet on Thursday: Remain cautious and keep supplies…

The American Petroleum Institute is considering endorsement of putting a price on carbon emissions – a move that would herald…

While European plants benefitted from the US shutdown of refineries, now they have no clients to export fuel oil to.…

Volunteers in southern Lebanon begin removing tar from beaches after an oil spill that could endanger marine life. Lebanese began…

Baghdad, Iraq — Like most of the young people who joined Iraq’s countrywide demonstrations in 2019, musician Sally Mars took…

As refineries in Texas reopen after last week’s freeze, concerns over OPEC+’s willingness to continue output cuts grow, with global…

United States President Joe Biden says that he and Canadian Prime Minister Justin Trudeau have agreed to work towards achieving…

Ahmed Zaki Yamani – a long-serving oil minister in Saudi Arabia who led the kingdom through the 1973 oil crisis…

Petrobras shares plunged 21 percent on Monday, wiping out 70 billion reais ($12.6bn) in market value, as Brazilian President Jair…