All oil producers participating in a deal to limit output agree on extending the cuts by nine months to help trim a supply glut, according to Saudi Arabia’s...
Commercial development of the globe’s huge reserves of a frozen fossil fuel known as “combustible ice” has moved closer to reality after Japan and China...
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.
Kuwait's national oil company has declared a state of emergency over an oil leak in one of its southwestern oil fields.
Global oil prices will witness “much more volatility” in 2017 even though markets may rebalance in the first half of the year if the output cuts pledged by...
The U.S. oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted by crashing crude prices.
OPEC is likely to bring the oil market into balance by the middle of next year, but its production cut looks set to fall short of its stated goal of draining...
There is no shortage of opinions in the oil market, with energy analysts providing a bounty of predictions about whether OPEC and non-OPEC nations will stitch...
U.S. crude production is set to decline this year as the Organization of Petroleum Exporting Countries struggles to put a dent in global oversupply, according...
Donald Trump mischaracterized the record on Hillary Clinton’s defense of her husband and her own treatment of women when he brought up Bill Clinton’s sexual...
The United Arab Emirates said Wednesday Yemeni Houthi forces had attacked a UAE vessel in a strategic Red Sea shipping lane off the coast of Yemen at the...
The objections being raised in Lebanon against the creation of a national oil company are very curiously the same as those used last century to discourage...
Arab coalition forces have launched operations against militia boats of Yemen's Houthi group that struck a civilian logistics ship on a humanitarian voyage in...
A United Arab Emirates warship was damaged in a strategic Red Sea shipping lane off the coast of Yemen on Saturday but there were no injuries to its crew, the...
Explorers in 2015 discovered only about a 10th as much oil as they have annually on average since 1960.
Kuwait's state-run oil company says it has contained an oil spill at a drilling rig in the small, crude-rich country.
Kuwait's state-run oil company says an oil spill has struck an onshore field.
OPEC Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing...
Ukrainian Prime Minister Arseniy Yatsenyuk said Tuesday he intended to introduce a ban on oil imports from petro-giant Russia as part of Kiev's trade war with...
Kuwait's state oil company says it has discovered a new oil and gas field in the Western part of the country.