After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard announced Sunday evening that the offshore well blowout — first reported ...

Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Energy Information Administration released on ...

Suriname is experiencing renewed optimism for its oil industry with the approval of the GranMorgu project and significant investment from international energy companies. The country hopes to ...

SINGAPORE, May 8 (Reuters) - Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names ...

Oil has a historically bad month after "Liberation Day" The price of Brent and WTI oil dropped 15% and 18%, respectively, in the month of April, according to CNBC. That's actually the largest one ...

Mr. Datta is a lawyer who works on energy security, industrial strategy and decarbonization policy. It’s been a brutal three months for the American oil and gas industry. Oil prices have dropped ...

After a week of uncontrolled spillage, a leak pouring more than 70,000 gallons of oil into a Louisiana marsh has been contained, according to the Coast Guard. However, cleanup of the area ...

Renaissance Africa Energy Company Limited disclosed on Tuesday that it has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers State following a spill. The pipeline ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four-year lows.

Global oil prices have tumbled since President Donald Trump's tariff announcement. Urals crude fell to $47.50 a barrel last week, the lowest level for almost two years. Russia may offset lower oil ...

While stocks have mostly recovered from April 2 "Liberation Day," oil prices haven't. The struggling oil price led to a severe down month for most oil and gas stocks. Saudi Arabia is threatening ...