ADVERTISEMENTCrude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase…
Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6%. The increase was much…
Breadcrumb Trail LinksPMN BusinessChina’s energy giants are increasingly pivoting to natural gas to raise production, as demand for oil slows and global trade tensions heighten…
Leak in pipeline belonging to state-run Petronas sends fire spreading to villages during Eid public holiday.A leaking gas pipeline has sparked a huge fire on…
Crude oil prices climbed on Monday amid US President Donald Trump’s threats to impose 25% to 50% tariffs on Russia’s oil. However, economic concerns may…
Trump warns of 25 percent US tariffs on Russian oil, urging Putin to halt Ukraine bloodshed in tense diplomatic standoff.US President Donald Trump has said…
Breadcrumb Trail LinksPMN BusinessPresident Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a…
Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s oil buyers. The West Texas Intermediate (WTI)…
US President Donald Trump has announced that any country that purchases oil or gas from Venezuela will face a 25-percent tariff in its trade with…
Treasury Secretary Scott Bessent on Thursday called Iran the world's leading sponsor of terrorism. Photo by Yuri Gripas/UPI | License Photo March 20 (UPI) --…
A jury in the United States has ordered Greenpeace to pay hundreds of millions of dollars in damages in a defamation lawsuit brought by oil…
Western companies had been involved in the extraction of oil in Iran and other countries in the Middle East since extraction had become technically and…
CrowleySome of the 23-strong crew of the Stena Immaculate oil tanker, which was in collision with the Solong cargo ship in the North SeaThe co-owners…
Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the…
1 of 2 | A petroleum platform operates off the coast of Iran in Persian Gulf waters (2011). The Department of State and Department of…
Qatar will provide 400 megawatts of electricity daily to Syria, where authorities have struggled with power generation.Qatar has begun providing natural gas to Syria through…
Reggae singer and Jamaican national icon Cocoa Tea has died. He was 65.The singer, born Calvin George Scott, died Tuesday of cardiac arrest in Fort…
A leading member of the California Senate is urging Dodgers owner Mark Walter to end the team’s sponsorship deals with oil and gas companies, telling…
TORONTO — Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in…
The co-founder of British climate activist group Just Stop Oil had his sentence reduced for organizing a blockade of a major highway around London, a…