U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

Oil prices were surging on Monday, driven higher by a flare-up in tensions between Russia and Ukraine and an output hike by ...

Oil prices rose by more than 2% on Monday, despite producer group OPEC+ sticking with output hike plans, as wildfires burning ...

Oil prices rose by more than one dollar per barrel on Monday, supported by the decision of the OPEC+ group to increase ...

WTI oil made an attempt to settle above the $63.00 level as OPEC+ decided to raise production by 411,000 bpd in July. Traders ...

Haitham Al Ghais stressed that only a sustainable and stable investment flow will make it possible to provide for energy security and emission cuts ...

"Hydrocarbons still make up 80% of today's energy mix, just the same percentage as they did in the 1980s. Petroleum and petroleum-derived products provide energy for a wide variety of sectors and ...