Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal ...

Major oil and gas companies are confident that global oil demand will plateau rather than sharply decline, leading them to ...

India's crude oil import dependency hits record high of 90.6% in May 2025 due to rising consumption and declining production.

The oil and gas industry receives tax deductions that pale in comparison to the vast sums of taxpayer money provided to wind and solar generators, estimated at 6%. These energy forms offer very ...

Oil prices leap, stocks slide as investors fret over escalation between Iran, Israel Published: Jun. 13, 2025, 2:26 p.m. Trader Steven Gohl works on the floor of the New York Stock Exchange ...

U.S. oil benchmark prices climbed roughly 7% to about $73 a barrel, the highest level since early April. U.S. government borrowing costs climbed. Tech stocks like Nvidia and Tesla moved lower, ...

Oil futures spiked more than 13 percent at one point, reaching their highest levels since January. Any closure of the Strait of Hormuz, ... However, that comes with the risk of depletion.

ExxonMobil unveils two oil discoveries offshore Canada Successful wells drilled from the Hebron and Hibernia platforms add to big fields' resource bases Kerry Moreland, president of ExxonMobil Canada.

A huge blaze has erupted at an oil refinery in a Russian town that was hit by Ukrainian drones earlier this year. Footage shows a fire raging at the industrial site in Kstovo, around 500 miles ...

Manitoba Premier Wab Kinew says oil could be among the commodities shipped through Hudson Bay if Canada proceeds with a new or expanded port along the province's coastline.

CHONBURI — Government officials and private companies are working to control damage from a crude oil spill at Single Buoy Mooring-2 (SBM-2) of Thai Oil’s refinery in Sri Racha, Chonburi ...

BBC Verify uses open-source intelligence, satellite imagery, fact-checking and data analysis to help report complex stories We're analysing new footage of a large fire at a Russian oil depot after ...