OILPRICE

Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian...

India’s federal government eased on Wednesday coal supply restrictions, allowing independent power producers to bid and procure coal supply...

Norway is looking to expand its oil and gas production with a new licensing round in frontier areas, with parliament directing the country’s...

Suncor reported first-quarter financial results beating analyst expectations on record production, refining rates and refined product sales....

India’s overnight missile strikes on Pakistani territory have sharply escalated tensions between the two nuclear-armed neighbors, as the con...

OPEC+ served two surprises to the oil trading world in a matter of weeks. First, it said it would bring back three times the amount of oil s...

Massive advances in Li-ion battery technology have been at the center of the global electrification drive, including the EV revolution. To w...

Wall Street banks are racing this week to slash their oil price forecasts for 2025 and 2026 after OPEC+ threw another curveball at the marke...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week endin...

Kazakhstan’s national oil company KazMunayGas (KMG) says it is fully prepared to navigate recent oil price volatility, even as global benchm...

The government is under increasing pressure from its backbenchers to reverse winter fuel cuts amid warnings that even a U-turn would not go...

Abu Dhabi’s state oil giant ADNOC is reportedly on track to secure unconditional EU antitrust approval for its €14.7 billion ($16.6 billion)...

The OPEC price war has made landfall in the US. Following our report earlier that Saudi Arabia has declared a new price war on OPEC+ quota-b...

Ford Motor's first-quarter net income plunged to $471 million from $1.3 billion a year earlier, as EV losses and production halts took a tol...

WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising A...

Iran’s continued struggle with electricity shortages has led to the implementation of rolling blackouts in the capital, Tehran. Power cuts h...

Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel's decision to unwi...

Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quot...

U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder...

OPEC’s second-largest producer, Iraq, exported crude oil and petroleum products worth $29.58 billion to India last year, trade data reported...

Germany’s utility giant Uniper obtained in the first quarter proceeds from realized claims for damages in its ongoing dispute with Russian g...

The recent oil price crash will surely hit Saudi Arabia’s state finances going forward, but the Kingdom already booked a hefty budget defici...

The House Natural Resources Committee is preparing to launch an overhaul of oil and gas drilling legislation in a bid to boost drilling acti...

Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a change in oil’s fortune, seeing...

Onshore crude oil production in the United States has peaked, Diamondback Energy has said, expecting output to start declining later this ye...