Oil production in the world’s largest importer of the commodity hit an all-time high of 4.6 million barrels daily. China will not cease to be a major importer of crude anytime soon. Most of ...

Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russia’s oil trade and ...

Oil prices are crashing due to global economic concerns and increased OPEC production. Goldman Sachs says Brent oil could fall under $40 by 2026 in an 'extreme' scenario US oil production may ...

The kingdom's economy is still heavily dependent on oil revenues, but prices have been sliding. A big decline in oil revenue may make it harder to fund Saudi Arabia's ambitious megaprojects.

Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices. By Stanley Reed Reporting from London Eight members ...

Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market. By Stanley Reed and Rebecca F. Elliott Stanley Reed reported from ...

Sweeping tariffs implemented Wednesday may ultimately breathe new life into the U.S. steel industry, but prominent Texas economists warn it will come at a cost to the oil industry. “ ...

Notably, Simpson Oil highlights that Parkland’s total shareholder return ("TSR") has collapsed since 2019, underperforming its peers by a staggering 95.7%. 1 As shareholder frustrations have ...

14 oil and natural gas fields discovered in Eastern Region, Empty Quarter Dubai: Saudi Arabia, the world's top oil exporter, on Wednesday unveiled 14 new oil and natural gas discoveries in the ...