Petrobras increased its proven oil and gas reserves by 500 million barrels in 2024 and plans to invest $111 billion in exploration and production over the next five years.

US crude oil inventories for the week ended Jan. 24 increased by 3.5 million bbl from the previous week, according US EIA ...

U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...

The EIA confirmed a build in both crude and gasoline stocks for this week, but a large draw in distillate stocks ...

Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase ...

Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating ...

Sinopec maintains a stable and liquid balance sheet in order to retain flexibility. The firm's adjusted EBITDA covered its interest expense by 11 times in 2023, with net gearing ratio of 0.12 times as ...

The president wants lower interest rates. He is likely to be disappointed, and an old foe will feel the brunt of his anger.

Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million barrels of ...

The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest ...

Analysts at Standard Chartered Bank noted that, in their view, 'the most important current feature of the oil market is ...