Read the latest news articles relating to the oil and gas industry.
OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can main... Read more
Oil futures rose Friday, attempting to find their footing and on track for weekly gains, after slumping the previous session after the outcome of an eagerly awaited OPEC+ meeting left trader... Read more
Venezuelans going to the polls Sunday will be asked to answer an unusually provocative question: Should their government be given a blank check to invade neighboring Guyana, and wrest away t... Read more
Anglo American and Antofagasta were rallying Friday in a European stock market playing catch-up to Wall Street, as the two miners were upgraded to buy at UBS. Anglo American shares AAL, +7.1... Read more
Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged to cut output. The oil cartel on Thursday released a statement that did not formally endors... Read more
[Source] A Beijing couple had the shock of their lives after realizing that they have been drinking toilet water for six months in their rented apartment. Strange occurrences: The couple, id... Read more
It’s a bit surprising to see oil prices decline sharply after major oil producers pledged additional production cuts for the first quarter of next year, but that’s exactly what happened Thur... Read more
A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images U.S. crude fell more than 2% on... Read more
The policy steps were decided in a virtual meeting delayed by internal disagreements over the baselines. De-facto leader Saudi Arabia extended its 1 million-barrel-per-day voluntary trim int... Read more
The announcement was made during a postponed OPEC+ meeting to discuss oil output strategy over 2024. It was not immediately clear if Brazil would have to carry out any production cuts starti... Read more