Earlier Wednesday, EIA reported mixed petroleum supply and demand data for the week ended Friday, including a 5.1 million bbl drop in U.S. commercial crude oil stocks. However, distillate stocks ...

After years of abusing Iranian sanctions and flooding China's economy with cheap Iranian oil, China’s larger independent ...

MUSCAT: Dr Mohammed Hamed al Rumhy, who headed the Minister of Oil & Gas (later rebranded as Ministry of Energy and Minerals) ...

US President-elect Donald Trump threatens to drag the Middle-East region into a war if hostages are not released.

Permian Basin Royalty Trust has been exhibiting poor business performance since last year, with high operating costs. Read ...

Oil futures rose slightly on Wednesday, finding support as investors look ahead to a meeting of the Organization of the ...

Oil futures rose slightly on Wednesday, finding support as investors look ahead to a meeting of the Organization of the Petroleum Exporting Countries and its allies this week that's expected to ...

Brent crude futures rose 23 cents, or 0.3%, to $73.85 a barrel by 0700 GMT, while US West Texas Intermediate crude futures gained 19 cents, or 0.3%, to $70.13 ...

Global stocks mostly rose Tuesday, with US and German indices posting records, as markets weighed Chinese stimulus hopes, ...

Despite strengthening business ties, Donald Trump and Saudi Crown Prince Mohammed bin Salman face conflicts over Iran, ...

Will the energy cartel choose to feel the pain of lower prices now or postpone the unwinding of production cuts yet again in ...