ADNOC has bought 11 VLCCs and VLGCs for $1.3 billion, expanding its tanker fleet to boost crude and LNG exports.

Libya's NOC aims to raise oil output to 2 million bpd by the early 2030s, backed by a new $2 billion budget and returning oil ...

Saudi Arabia, Pakistan and Turkey are set to sign a joint defense pact Friday as the Iran war disrupts Strait of Hormuz ...

Vessel traffic through the Strait of Hormuz has fallen sharply as security risks rise and hopes for a diplomatic agreement ...

WTI crude has fallen about 10% this week as traders price in progress toward restoring Strait of Hormuz shipping, even though Gulf oil flows remain heavily disrupted.

India's crude output fell 3% in FY26, its third straight annual decline, prompting an $8.8 billion offshore exploration push.

Conflicting signals from Washington and Tehran keep oil markets on edge as Iran weighs a permanent Hormuz shipping ban while ...

Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the ...

Russia is importing refined fuels from South Korea as Ukrainian attacks continue to disrupt its refining industry and tighten ...

Rerouting Saudi crude to Asia via Yanbu, Egypt’s SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up ...

BP has agreed to acquire Woodside Energy’s 70% interest in the Calypso gas project, giving the company full ownership and ...

Russia increased oil production in July as stronger exports and recovering refinery runs gave producers somewhere to put more ...