Right now, a meaningful share of the oil that keeps the global economy moving is not being pumped from the ground. It is being drained out of emergency reserves that governments spent decades filling ...

What should the long-run price of oil be? That was the question Standard Chartered Bank analysts, including the company’s commodities research head, Paul Horsnell, asked in a report sent to Rigzone by ...

Higher crude oil prices as a result of the Iran war are likely to give a major boost to second-quarter 2026 earnings for integrated oil and gas companies. Continued industry growth, however, requires ...

Venezuelan state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing US oil blockade that has reduced exports to zero, piling more ...

ExxonMobil's recent first-quarter results were nothing short of exceptional, considering the market conditions during the period. The company delivered industry-leading earnings of $7.7 billion, or $1 ...

Aug 12 (Reuters) - State-run explorer Oil India (OILI.NS), opens new tab reported a sharp drop in first-quarter profit on Tuesday, while falling short of analysts' expectations, due to softer oil ...

Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling ...