Crude prices recovered Friday as hopes emerged that Hungary could utilize Russian oil following a meeting between President Trump and Prime...

Oil prices saw a slight increase on Friday, breaking a three-day slump. Concerns over excess supply and weakening demand in the United Stat...

Eight members of the Organization of the Petroleum Exporting Countries and allies agreed on Sunday to raise production from October by 137,...

India's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes a...

Brooklyn US Attorney Breon Peace, appointed by President Biden, will step down on January 10. His tenure saw high-profile convictions, incl...

The shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls...

As the world makes its efforts to lessen its dependency on fossil fuels, the rise in weather-driven refinery disruptions focuses on the sur...

The falling oil prices and months of severe volatility have spooked the market, with major consumer countries still tapping strategic stock...

State-run refiners such as Indian Oil Corp. are warming to the idea of buying from the lesser-known traders. Refinery officials said they’v...

A decade ago, Paksitan took specific steps to insulate itself from the kinds of violent price spikes that are roiling the market today. It ...

What happens to the oil refining industry will have ripple effects across rest of the energy industry.

As per IHS Markit, producers will be forced to cut output because by June there’ll be no place to store crude.

Consensus is that the industry benefited from a lucky mix of factors in the oil market.

Cyber-crime is also an increasing threat as fraudsters become more sophisticated, according to Collins at TradeCloud, which uses blockchain...

The maneuvering by Pak came after 2 yrs of negotiations hit an impasse as Qatar refused to lower its offer price.

The cuts have allowed the US shale producers to lock in margins and plan new investments.

Credit Suisse in a note released last August said that GAIL might have to bear an annual loss of $300 million due to the US LNG contracts.