World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's meeting ...

Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than ...

Emirates NBD's Ed Bell thinks that the heavy levels of spending by Saudi Arabia on projects such as Vision 2030 can slightly ...

A plan to set up an oil depot next to a country park has been withdrawn. Anglers and environmental groups had warned the ...

The latest annual Government Expenditure and Revenue Scotland (Gers) report looks at taxes raised from people and businesses ...

Lindsey Oil Refinery was taken over by liquidators in June after the owner Prax Group went into administration, putting 420 ...

ExxonMobil signed a deal on Tuesday to explore a vast area near Trinidad and Tobago for oil and gas, even as the twin-island ...

Crews are responding to an oil spill in Christian County’s Mosquito Creek. The Christian County Sheriff’s Office said the ...

President Trump's pledge to "drill baby drill" during his second term is not playing out in the oil patch or fracking zones, ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

The US oil industry is often compared to being on a treadmill: you run fast just to stay still. Because shale wells quickly ...