Crude inventories at the Cushing Oklahoma hub continue to draw, but a large increase in gasoline and distillate stockpiles resulted in an increase in commercial petroleum inventories ...

India's state-owned oil company ONGC has selected BP as the technical services provider to enhance production at Mumbai High, the country's largest oilfield.

Porsche's aggressive discounts on the Taycan EV highlight a significant drop in demand, impacting the automaker's profitability and raising concerns about the future of the luxury EV market.

China's fuel oil imports are expected to slow down after the government increased import tariffs, putting further pressure on the already strained margins of independent refiners.

Shell expects lower profits in the fourth quarter of 2024 due to seasonality, timing issues, and a $1.3 billion charge, impacting LNG production, trading, and renewables.

India's electricity generation growth slowed significantly in the second half of 2024 due to weaker economic activity.

Trump is considering using military or economic pressure to acquire Greenland and the Panama Canal, emphasizing their strategic importance to U.S. security and economy.

The state of Alaska is suing the Biden Administration, claiming that its decision to restrict acreage in an upcoming Arctic ...

Exxon expects lower-than-expected fourth-quarter profits due to weaker refining margins and a $600 million impairment.

There's been a marked increase in patent infringement lawsuits in the solar industry in 2024 as companies accuse each other of violating patents ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets.

Europe is rapidly depleting its gas reserves due to a harsh winter and the halt of Russian gas flows via Ukraine.