ABUJA – Global oil prices rallied sharply this week as escalating tensions involving Iran, growing risks around the Strait of Hormuz, and weak supply outlooks from major producers pushed energy ...

Crude futures rose amid market concerns that the continued closure of the Strait of Hormuz is draining global stocks, while ...

Santos has achieved first oil from the Pikka phase 1 development on Alaska's North Slope, marking a major production growth ...

The Pikka project on Alaska’s North Slope has begun oil production. Initial output is set to increase steadily, reaching a ...

Hence, if oil and gas prices soar due to supply shocks, ConocoPhillips will benefit greatly, as it can sell into the ...

An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot ...

The Trump administration plans to streamline the permitting process for oil developments inside the National Petroleum Reserve-Alaska as it pushes to accelerate crude production in the US Arctic.

Brazil's rapidly expanding offshore oil and natural gas production is positioning the country as one of the world's most ...

One of the big concerns facing the oil market revolves around the ability of Gulf oil producers to restore oil supply once ...

The United Arab Emirates - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.

Russia’s oil production this year is expected to be slightly lower compared to 2024, as Moscow will be compensating for previous overproduction per the agreed OPEC+ schedule, Russian Deputy Prime ...