OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push ...

Commodity giant Glencore has held internal discussions about approaching Anglo American after the latter rejected an initial takeover bid from BHP.

A U.S.-based biotechnology firm is using carbon-eating bacteria to turn emissions from steel mills, refineries, and other ...

A report by GlobalData reveals that Saudi Aramco is the biggest investor in artificial intelligence in the oil industry ...

Officials from the G7 group of the world’s most industrialized nations are privately admitting that an all-out seizure of frozen Russian assets is no longer on the table, the Financial Times reported ...

Asian crude oil imports fell in April from March, according to estimates by LSEG Oil Research, suggesting sluggish growth in ...

The United States faces an intensifying cyberattack threat from China, particularly targeting critical infrastructure like ...

The FTC is expected to approve Exxon's $60 billion acquisition of Pioneer after minor concessions, solidifying its position ...

The Taliban is working to create a regional energy trade hub with Kazakhstan and Turkmenistan to facilitate oil sales from ...

Egypt’s rich solar and wind resources and its geostrategic location put it in a unique position to become a large producer of ...

Lawsuits against big oil companies are on the rise, with environmental organizations, indigenous communities, and researchers ...

Russia's Gazprom Group, a state-controlled energy giant, has disclosed its first annual net loss in 23 years, signaling a ...