Oil majors are retreating from the UK North Sea, as declining production and a 78% tax rate drive companies to divest or diversify abroad.

Russian oil exports via the Arctic Northern Sea Route have surged nearly 50%, reaching 20 million barrels as Middle Eastern shipping disruptions reshape trade flows.

Kazakhstan and Uzbekistan welcomed Rubio’s efforts to strengthen US economic ties with Central Asia but want Washington to turn diplomatic agreements into tangible investments.

Saudi Arabia's crude exports rose about 7.9% in August from July to 4.451 million barrels per day, the highest since March, while its oil production fell to a record low of 6.24 million bpd, the Joint ...

GM CEO Mary Barra says the automaker will add hybrids as US gasoline holds at $4.28 a gallon and Toyota's electrified vehicle ...

The UK government has re-approved the Jackdaw gas field after years of legal challenges, paving the way for production to begin this month while the Rosebank oil project awaits a decision.

Indian Oil Corp. will slightly cut Middle East crude under 2027/28 term deals from a planned 47% share as the Iran war ...

Crude oil inventories in the United States saw a decrease of 3.1 million barrels during the week ending October 16, according to new data from the U.S. Energy Information Administration (EIA) released ...

The Oman-Dubai spread fell to $4.22 a barrel, its lowest since July, as shuttle shipping and ship-to-ship transfers lift ...

Japan's trade deficit nearly doubled to $17.8 billion for April to September as the Hormuz crisis drove up oil and LNG import ...

Zelenskyy welcomed restored U.S. missile-strike intelligence after Oslo peace talks while insisting Ukraine must participate ...

Russia will send its first 40,000-ton diesel tanker to the US on Thursday, Deputy Prime Minister Alexander Novak said. More ...