Khalifa Abdelsadek said on Saturday that Libya will need between $3 billion and $400 million to achieve a production rate of 1,650,000 barrels of oil per day.

A Federal Energy Regulatory Commission judge annulled committed shipper rates on the Cushing-to-Texas Seaway pipeline on Friday, despite objections from energy companies who say it could jeopardize ...

Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites fill up fast due to a global glut of stocks, shipping industry ...

Allcargo’s multi purpose vessel “Allcargo Susheela” successfully loaded 9 pieces of Heavy lift & ODC cargo from Jawaharlal Nehru Port’s shallow berth last week. It is for the first time that an Indian ...

Canada's oil industry doesn't expect tariffs to be included in the protectionist measures proposed by Donald Trump, U.S. president-elect. This is because U.S. refineries depend on Canadian barrels.

It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's ...

Anwar Ibrahim, the Prime Minister of Malaysia, said that Petroliam Nasional Berhad and Petroleum Sarawak Berhad are working to finalize details for a long-delayed gas distribution agreement in Sarawak ...