Oil and Gas

The global hunt for new sources of oil will slow by around $3bn this year even as oil prices climb...

Iraq’s Oil Minister Jabbar Al-Luaibi said he’s optimistic crude prices will increase in 2018, with global stockpiles falling and demand...

Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid...

An offshore engineering unit of oil major Sinopec Group has won a two-year contract to drill an offshore block in...

Oil steadied below $65 a barrel in London after a volatile week in which the market was shaken by the...

Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped...

Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate...

A weekend of snowfall has brought an early Christmas for U.K. natural gas bulls. Same-day prices surged to their highest...

Oil dips toward $57 per barrel after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks....

Secretary-General of Organisation of the Petroleum Exporting Countries, OPEC, Mohammed Barkindo, has declared that the World has now recognised that...