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UK supermajor BP?joined?on Wednesday its rivals in slashing capital expenditures and reducing U.S. shale production guidance in ?the most brutal environment for oil and gas businesses in decades,'' with?

Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a new--as of yesterday--and unnamed company,?

While oil futures hit an 18-year-low on Monday, the prices of physical barrels from Europe to North America slumped to record discounts to benchmarks and trade in the teens?

The U.S. government has extended for another 60 days sanction waivers that allow Russia, China, and European countries to continue nonproliferation work at Iranian nuclear sites.

China National Offshore Oil Corporation (CNOOC) is postponing this year's planned drilling campaign offshore Canada's east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC?

The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 10.485 million barrels for the week ending March 28, as 75% of Americans remain under?

Iran's natural gas exports to Turkey were suspended early on Tuesday local time after a?pipeline explosion occurred?on Turkey's territory near the Iranian border. According to Iran's?Mehr News Agency,?

Shell expects the price collapse to lead to post-tax impairment charges of between US$400 million and U$800 million for the first quarter this year,?

The Trump administration will later today announce the new fuel economy rules that environmentalists have decried as harmful and compromising the United States' efforts to fight climate change. ?When finalized,?

Iran has lacked viable, legitimate, and representative governance since February 1979. That has been demonstrated by its social and economic performance domestically. Its clerical Government has not been prepared to?