OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

OPEC received updated compensation plans for oil production from seven OPEC+ countries, the Organization said on its website. Compensations until July 2026 will total 4.203 mln barrels per day. Plans ...

OPEC+ on Thursday issued a new schedule for seven member nations including Russia, Kazakhstan and Iraq to make further oil ...

The Trump administration has promised to increase leases on federal lands and waters and expedite the permitting process.

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

Chevron bought 15.38 million shares of Hess' common stock via the open market, even as the companies work to complete their ...

The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, bolstered by strong air travel demand and road mobility. Natural gas remains by ...

Arriving in American Datsun dealerships just in time for the 1973 OPEC oil embargo, the Datsun B210 (known as the Nissan ...

For the first time since May 2021, the average gas price in Connecticut has broken the $3 threshold, averaging $2.99 a gallon ...

Diesel sales have been in the slow lane for years as the preference for petrol and CNG has increased, reports The Economic Times.

Also last month, the decline at Ebok stream/terminal/ output dropped from 283,239 barrels to 278,452 barrels. Production also ...