Israel Defence Forces (IDF) confirmed in a social media post that it has struck several fuel storage complexes belonging to ...

Shaybah has production capacity of almost 1 million barrels per day of oil and has more than 14 billion barrels of estimated reserves ...

Kuwait Petroleum Corporation (KPC) has reduced its oil production because of the US-Iran war, the state-owned company said Saturday. KPC said the temporary reduction in crude production and refining ...

Eni and Nigeria's government settle all legal claims and end arbitration proceedings on controversial deepwater asset ...

Oil prices settled a volatile week with a massive gain Friday, surging past $90 per barrel and gaining more than $20 per barrel since Saturday when the US and Israel unloaded their first barrages on ...

The Shanghai-listed shares of the Chinese majors surged following the US-Iran crisis, prompting the companies to respond to ...

South Korean government outlines slew of government proposals to cushion potential financial fallout from US-Iran conflict ...

John Evans to retire as chief executive of Subsea7 on 30 June and will be succeeded from 1 July by Stuart Fitzgerald, who is ...

Crude oil prices in North America rose sharply on Friday just minutes after trading opened. Benchmark West Texas Intermediate (WTI) crude oil futures were up by almost 10% at the time pof publishing ...

Thailand has called on operators to support the country's energy security in light of disruptions to the normal supply of oil from the Middle East, where the regional security situation continues to ...

Conflict escalates as Iran continues to retaliate heavily against key US regional allies and force shutdown of oil and gas ...

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