The price of oil has hit a six-week high amid fears over the escalating conflict in the Middle East. The market value of the benchmark Brent crude increased to almost $80 (£61) a barrel on Monday ...

Israel vowed to retaliate. Photo: Amir Cohen/Reuters A rise in oil prices intensified Thursday after President Biden suggested that U.S. officials are considering whether to support an Israeli ...

Copyright 2024 The Associated Press. All Rights Reserved. Police and firefighters in New Hampshire responded to an unusual call — a moose trapped in a backyard ...

Iraq is preparing to offer new oil and gas concession sites to international companies through two upcoming licensing rounds aimed at expanding the country’s already vast hydrocarbon reserves. Rounds ...

The central bank holds billions of dollars in oil revenue, Libya’s only source of income. The duelling administrations in late September agreed on the appointment of a new central bank governor ...

Enbridge Inc. continues to invest in the U.S. Gulf of Mexico, announcing Thursday that it will spend about US$700 million to build new crude oil and natural gas pipelines in the gulf for the recently ...

But The New York Times obtained invoices showing that at least three tankers belonging to Russia’s dark fleet sold Russian oil last year while maintaining bureaucratic ties to the West.

In its avowed determination to boost the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry. This is ...

His comments echo those of Russian Deputy Prime Minister Alexander Novak who said on Monday that OPEC+ was strategically reducing oil supply and ceding market share with a long-term aim that ...

The first is the shifting nature of its economic growth model, as analysed in full in my latest book on the new global oil market order. From 1992 to 1998, China’s annual economic growth rate ...