U.S. Energy Information Administration lowered its West Texas Intermediate spot price forecasts for this year and next year.

The company revealed that it “will now go into a consultation process with employee representatives” and said it “aims to ...

Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels ...

There are no winners from a tariff hike and ensuing price hike to the raw inputs that literally are foundational to our ...

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.4 million ...

Abu Dhabi National Oil Co. will build the firm, called XRG, to spearhead global investments in natural gas, chemicals and low ...

World markets will be oversupplied by a hefty 1.4 million barrels a day if the group proceeds with plans to revive output ...

In a release sent to Rigzone recently, the U.S. Bureau of Ocean Energy Management (BOEM) announced the “next steps” for the ...

According to its December STEO, the EIA now sees the Brent spot price averaging $80.49 per barrel in 2024 and $73.58 per ...

Islamic State in Somalia is headed by Abdulkadir Mumin, who formed the offshoot of Islamic State when he left the ...

Fundamentals alone suggest oil prices should be in the mid to high $80s. That’s what Al Salazar, a director at Enverus ...

Exxon Mobil Corp. will raise capital spending next year as it adds the $60 billion purchase of Pioneer Natural Resources Co.