Amid soaring supply and subdued demand, the expected global oil oversupply will be larger than previously anticipated, the International Energy Agency (IEA) said on Tuesday. In its monthly report, the ...

U.S. oil growth is moving from maturing shale fields to offshore projects in the Gulf of Mexico. Output is projected to rise from 1.8 to 2.4 million barrels per day by 2027 amid strong federal support ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow. By Rebecca F. Elliott The price of oil has dropped to some of its lowest levels of ...

SINGAPORE, Oct 23 (Reuters) - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil ...

4:35 Trump hits Moscow with oil sanctions to prompt progress on Russia-Ukraine war settlement Oil prices spiked on Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in ...

NEW YORK, Oct 22 (Reuters) - Oil prices extended gains after settlement on Wednesday after the U.S. imposed Ukraine-related sanctions on Russia, targeting oil companies. Brent crude futures were up $3 ...

President Donald Trump told reporters at the White House that Indian Prime Minister Narendra Modi had assured him earlier Wednesday that he would halt Russian oil imports. “He’s a friend of mine, we ...

An Amazon Web Services (AWS) outage on Monday is causing widespread issues for numerous online services. The problems are primarily linked to the AWS US-East-1 region, according to DownDetector.com.

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts. By Alan Rappeport Reporting from Washington President Trump ratcheted America’s ...

President Donald Trump has been blowing hot and cold over the state of trade relations with China over the last week. On Oct. 14, Trump lashed out on China’s decision to stop buying American soybeans ...

The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by allowing oil and gas drilling in the remote Arctic ...

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