Saudi Aramco's net income for Q1 2024 fell due to lower crude sales. The company maintained its $31.1 billion dividend payout despite the profit dip. This prioritization of shareholder payouts over ...

Russia’s Deputy Prime Minister has said that Russia is ready to alter the OPEC+ agreement if necessary, adding that it will depend on how the market feels.

Uniper has appealed an injunction by a Russian court that says it will have to pay as much as $15 billion if it seeks to continue arbitration against Gazprom.

OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...

Over the weekend, state-owned Saudi Aramco raised the June official selling price of Arab Light crude for customers in Asia, ...

Oil prices remain under pressure on Tuesday morning, even as Israel moved troops into Rafah and Saudi Arabia showed signs of extending the OPEC+ cuts.

Shell is preparing to divest from downstream operations in South Africa as a result of an internal portfolio review ...

The Biden administration has finalized a rule banning the use of fossil fuels in new and renovated federal buildings, aiming ...

UAE’s ADNOC entered at the end of 2023 into a binding agreement under which ADNOC would buy OCI’s entire stake in Fertiglobe ...

The U.S. Treasury and State Departments have imposed new sanctions on hundreds of companies and individuals connected to ...

Le Monde reports Belgium’s ports drowning under glut of Chinese electric cars: ‘Some are parked here for a year, sometimes ...

BP posted worse-than-expected earnings for the first quarter due to lower oil and gas prices and a refinery outage in the United States.