Governments are now more concerned with supporting families and businesses than with price reform – even though unwinding subsidies would o...

The problem is that this number, based on a simplistic multiple of the company's reserves, overlooked two factors.

ExxoN Mobil, the world’s largest oil company, may embark upon an acquisition spree this year and snap up assets at “extremely cheap prices”...

Crude oil prices dropped sharply for a second day on Wednesday after govt report showed a surprise increase in inventories and continued we...

Oil dropped below US$145 a barrel Tuesday in Asia although a series of threats to supply in a finely balanced market continues to keep a fl...

Oil prices crept back above $145 a barrel, recovering from earlier declines as ongoing supply concerns and a mixed dollar gave traders enou...

Oil prices fell on Monday as the dollar rose on expectations that US moves to shore up two ailing mortgage lenders will help avert a short-...