PetroChina has produced 26 million tons of oil equivalent from Xinjiang reservoirs 6,000 meters down as China works to cut its reliance on imported crude.

A U.S. blockade has left at least 50 laden Iranian tankers stuck in the Persian Gulf, and Iran’s crude loadings fell to zero in September.

Exporters have adapted through pipelines, bypass ports and extensive ship-to-ship transfers, but the system is more expensive ...

Analysts warn the relief will be temporary, as drawing down already-low inventories leaves markets more vulnerable to future ...

The new Graham sanctions law gives Trump sweeping tariff leverage over Russia and major buyers of Russian energy.

Germany’s proposed €2-billion eSAF double auction tackles the sector’s real bottleneck: producers need long-term contracts, ...

Reports of a possible attack on Saudi Arabia's Petro Rabigh refining and petrochemical complex north of Jeddah emerged on ...

President Masoud Pezeshkian accepted Mohsen Paknejad’s resignation on Sunday and appointed NIOC chief Hamid Bovard as acting ...

Secretary of State Marco Rubio visits Iceland, Greece and Portugal Oct. 5-8 for talks on Arctic security, energy, defense and ...

Rystad Energy says $9.6 billion in Southeast Asian upstream assets is up for grabs through 2027 as buyers push deal prices to ...

Exxon and Suncor say Boulder's climate suit could bankrupt oil. Past mass-tort cases suggest big companies reorganize and ...

Gulf oil exports reached 81% of pre-war levels in September, led by Saudi Arabia, but fuel flows lag and analysts doubt the pace can hold.