Indian billionaire Mukesh Ambani on Monday announced an investment of $25 billion to launch 5G networks in India, aiming to strengthen his grip on one of...
British energy giant Shell said Thursday that its net profit soared more than five-fold to $18 billion in the second quarter, fuelled by resurgent oil and...
Iraq’s oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors...
Libya’s government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the United States to warn against any...
Libya’s Tripoli-based government has named a new head of the state oil company to replace veteran technocrat Mustafa Sanalla, who refused to give up his post....
High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned Wednesday. It...
Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud the near-term outlook for crude demand....
The US Treasury said Wednesday it was freezing the assets of members of an international network for violating oil sanctions on Tehran by selling millions of...
OPEC’s secretary general, Nigeria’s Mohammad Barkindo, has died at the age of 63, leaving the oil cartel in “shock” on Wednesday at a tumultuous time for...
OPEC Secretary General, Nigeria’s Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head...