South Korea is urging its struggling petrochemicals sector to slash excess capacity and restructure operations amid a global glut that has depressed petrochemicals margins and threatened the industry ...

Crude oil inventories in the United States decreased by 6 million barrels during the week ending August 15, after growing by ...

Global oil demand surged in June, outpacing supply growth and driving inventories below five-year averages, though analysts warn of a potential glut later this year as OPEC+ unwinds cuts.

Russia’s massive drone and missile assault on Ukraine followed Zelenskyy’s White House talks with Trump and European allies, ...

Ithaca Energy raised its 2025 production guidance again after a strong first half and recent acquisitions boosted its North ...

China’s fuel oil imports surged in July to the highest level in seven months as falling refining margins and new tax rebates ...

Black Hills Corp. and NorthWestern Energy have agreed to merge in an all-stock, tax-free deal that will create a $15.4 billion regional regulated utility serving 2.1 million customers across eight ...

Norway’s oil and gas production exceeded July forecasts as the Johan Castberg field reached full capacity, boosting crude output sharply despite gas maintenance outages.

Indian state refiners have resumed buying discounted Russian crude despite escalating U.S. tariffs and political pressure.

Russian crude oil flows to Slovakia and Hungary via the Druzhba pipeline have resumed after a temporary halt caused by a ...

The EPA is considering granting waivers to small refiners from record-high biofuel blending mandates, potentially reshaping ...

EON Resources, an independent upstream producer in the Permian Basin, is restructuring $40 million in debt while expanding ...