Oil is a global commodity. It also has different chemistries throughout the world, depending on how it is matured, sourced, originated, and stored in the reservoirs below the surface.

Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Carlyle Group (NASDAQ:CG) is seeking a buyer for its Colombian oil producer SierraCol for ~$1.5B, Reuters reported Thursday.

Chief Executive Mike Wirth lobbied top administration officials including Secretary of State Marco Rubio and Treasury ...

Oil futures finished with small gains Thursday, snapping a four-day losing streak after ending the previous session at nearly ...

Around 5% of homes in Great Britain use oil central heating instead of heating their homes with gas or electricity. Oil central heating is much more common for households in Northern Ireland, many of ...

LONDON—BP BP0.32%increase; green up pointing triangle said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its ...

Copyright 2025 The Associated Press. All Rights Reserved. A sign at a BP petrol station in London, Feb. 7, 2023. British energy giant BP has confirmed it is to slash ...

BP has announced it will cut its renewable energy investments and instead focus on increasing oil and gas production. The energy giant revealed the shift in strategy on Wednesday following ...

We are the only producers of oil and gas in private sector in India. We have already deployed two rakes. It is a very risky business. But we have decided that we will go ahead because once you ...