Big Oil is pivoting back to fossil fuels after years of trying to transition to renewables. BP, Shell, and others are abandoning unprofitable wind and solar projects to refocus on oil and gas.

A Russian oil pumping station was ablaze a week after a drone strike. The Caspian Pipeline Consortium accused Ukraine of a "terrorist" attack on it. It said oil transfer is halted and its ...

The oil industry says upping production means lower prices for taxpayers, energy independence and good jobs for Americans. Is that really so? Driving through the vast, dusty expanse of West Texas ...

HOUSTON, March 26 (Reuters) - Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward ...

The ink is barely dry on Trump’s 10% tariff on Canadian energy, and already, fuel prices are bracing for impact. As GasBuddy’s Patrick De Haan puts it, “The real-world impact of tariffs won ...

The Saudi-led cartel said its members would start gradually pumping more oil in April. By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC ...

CAIRO, March 23 (Reuters) - Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.

Climate correspondent Chico Harlan and photojournalist Esther Mbabazi reported on the controversy over the construction of the East African Crude Oil ...more Climate correspondent Chico Harlan and ...

(Bloomberg) -- Scott Sheffield, the retired shale impresario who built a fortune drilling for Permian Basin oil, has grim advice for former rivals as President Donald Trump pushes for “drill ...

2-Year U.S. Treasury Note Continuous Contract $103.586-0.004 0.00% 5-Year U.S. Treasury Note Continuous Contract $108.188 0.516 0.48% 10-Year U.S. Treasury Note Continuous Contract $111.219 0.016 ...

The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin ...