oilprice.com
ExxonMobil is among several bidders pursuing all or part of Shell’s U.S. chemicals business in a potential deal valued at up to $8 billion.
Oil prices fell in early Asian trading as investors took profits ahead of a major new U.S. economic campaign targeting Iran and its trading part…
Oil prices are heading for a second consecutive weekly gain as escalating U.S. pressure on Iran and continuing supply risks strengthen the bulli…
Solar power outpaced every other energy source in 2025, driven by falling costs, early policy bets and a global push for energy security.
Greater Houthi control could further threaten a critical global trade artery, extending disruption even as Bab el-Mandeb traffic remains far hea…
Chinese refiners are increasing purchases of Iraqi crude as disruptions at the Strait of Hormuz and in the Red Sea complicate traditional Gulf o…
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacl…
The IEA expects global oil supply to fall 4.3 million bpd this year, potentially deepening the energy crunch as the conflict drags on.
Oil prices rose for a fourth consecutive session as worsening security risks and reduced tanker traffic through the Strait of Hormuz increased c…
Libya is seeking tens of billions of dollars in investment as it aims to raise crude production to 2 million barrels per day by 2030.
Power Metals is advancing the Case Lake project as a potential new North American source of cesium as governments seek secure supplies of strate…
Asian refiners are seeking alternative pickup points for Saudi crude as security risks around the Red Sea and Bab el-Mandeb intensify.
Petrobras has identified hydrocarbons at its Morpho exploration well in the Foz do Amazonas Basin, marking the company's first discovery offshor…
The effective closure of the Strait of Hormuz has forced hundreds of commercial ships onto longer routes around Africa, and Somali pirates are m…
Oil prices are heading for a roughly 4% weekly gain as prolonged U.S.-Iran tensions and restricted Hormuz traffic outweigh bearish demand foreca…
BP has secured an offshore Venezuelan gas license covering an estimated 4 trillion cubic feet of recoverable resources.
On Wednesday a "massive" Ukrainian drone and missile strike was unleashed on Russia's port city of Novorossiysk, which badly damaged grain expor…
The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in throu…