Oil prices fell as sharply weaker 2026 demand forecasts and a huge U.S. inventory build outweighed persistent geopolitical risks around the Strait of Hormuz.

Ukraine struck another major Russian refinery Thursday, hitting Gazprom's Neftekhim Salavat complex in the Urals as Kyiv intensified attacks that have already forced Moscow to curb fuel exports and ...

Porsche is reportedly preparing to phase out production of its flagship Taycan electric sports car by 2030, marking a major setback for the German automaker’s once-aggressive electrification strategy.

The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year ...

Oil markets remain torn between hopes for a U.S.-Iran deal and worsening physical supply constraints, with Hormuz traffic at two-month lows and inventories steadily declining. Refined products are ...

Diesel prices are surging as Ukrainian attacks on Russian refineries and Houthi attacks on Saudi energy infrastructure are ...

A bill about the construction of a pipeline for liquefied natural gas has failed to secure sufficient votes in the state’s legislature, prompting a sharp reaction from Governor Mike Dunleavy who was ...

Decommissioning remained a major activity across the UK North Sea in 2025, with industry spending hitting a record-high of £2.6 billion, or $3.5 billion, the North Sea industry regulator said in a ...

Elevated oil prices are widening the cost advantage of China’s coal-based chemicals industry and driving sharply higher profits at Baofeng Energy.

New Zealand has approved a 10-year petroleum mining permit for the Puka field as it seeks additional domestic natural gas supplies and new oil production.

India is finalizing feasibility studies for two new strategic oil reserve sites as it looks to boost storage beyond just eight days of demand.

Hahn & Co is reshuffling vessels between SK Shipping and H-Line Shipping to create what it says will be Asia’s largest LNG carrier operator.