Oil prices bounced back on Wednesday morning after the EIA confirmed a very significant draw in crude inventories ...

Norway’s state-owned utility Statkraft announces plans to slash annual costs and warns of potential staff layoffs amid ...

Oil prices surge due to geopolitical tensions, benefiting Shell and BP stocks, which play a significant role in stabilizing ...

Iran has significantly increased its daily oil exports following an Israeli attack, attempting to ship out as much crude as ...

Woodside Energy and Petronas have signed a preliminary agreement for a 15-year LNG supply deal, with the Australian firm set ...

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Tokyo Gas confirms its LNG supply remains unaffected by the current Israel-Iran conflict as it does not import from Middle ...

The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, is preparing to ship its first gasoline cargo outside of the African region to Asia, marking a significant expansion of ...

Somaliland offers a stable base near Red Sea chokepoints amid rising tensions with Iran and China’s influence in Djibouti.

Despite heightened tensions between Israel and Iran and resulting market speculation, oil supply from the Middle East remains ...

Rising political instability, including the recent assassination of a militia leader, threatens new oil blockades and ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 ...