OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push ...

Despite extensive U.S. sanctions, Iran's oil exports remain robust due to China's demand, Tehran's evasion tactics, and ...

The development of new oil and gas regions in Africa and the Caribbean has sparked debate over climate change, economic needs ...

Over 3,000 tonnes of gold were produced globally in 2023. In this graphic, Visual Capitalist's Marcus Lu lists the world’s ...

The UK’s North Sea Transition Authority offered on Friday another 31 licenses for North Sea exploration in the final tranche of the 33rd oil and gas licensing round ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

TC Energy’s total deliveries on its natural gas NGTL System averaged 15.3 Bcf/d in the first quarter, up by 0.7 Bcf/d compared to the first quarter of 2023. The NGTL System achieved a new daily ...

Heavy crude oil prices and refining costs are climbing around the world due to the limited supply of heavy crude at the moment.

The rare earth metals market is experiencing a downturn, with Chinese profits declining and Lynas Rare Earths tightening costs due to falling demand.

European steel mills face challenges in decarbonizing due to high costs and economic uncertainty, but innovative solutions like importing green iron offer potential.

European automakers are struggling with falling demand, with Volkswagen, Mercedes, and Stellantis facing declining profits and revenue.

DOE cites rising oil prices as the reason for canceling the solicitations for oil deliveries to the Bayou Choctaw SPR site. Biden administration's decision comes amidst concerns over market conditions ...