Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

A lobbying firm with close links to a former Cabinet minister and the fossil fuels industry is being paid $4.7m to help oil-rich Azerbaijan enhance its image ahead of the crucial UN COP climate summit ...

ANKARA, Turkey — (AP) — An explosion at an oil refinery in northwestern Turkey on Tuesday left at least 12 employees slightly injured, the company said. A fire at the facility was quickly ...

DUBAI, United Arab Emirates (AP) — Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues.

The federal government unveiled draft regulations Monday that will impose a greenhouse gas cap on the oil and gas sector that limits emissions to 35 per cent below 2019 levels. Canada's oil and ...

ABU DHABI, United Arab Emirates — (AP) — The United Arab Emirates opened its annual oil-and-gas summit on Monday as it plans to increase the country's energy output as global prices stay ...

The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations. US domestic output reached 13.4 million barrels a day in August, eclipsing all previous ...

Researchers are trying to trace the family of a Grimsby man killed in the North Sea in an oil rig disaster nearly 45 years ago. John Michael Harris, 29, was among 22 British workers who died when ...

Sorrells said the cost to plug wells, which includes labor and materials like cement and rigs, has increased by 36% since 2022. Both oil and gas industry leaders and environmental advocates in Texas ...

Nov 1 (Reuters) - U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said in its ...

The total number of active drilling rigs for oil and gas in the United States saw no change this week, according to new data that Baker Hughes published on Friday, after holding steady in the week ...

The Government of South Sudan has reached an agreement with Sudan’s paramilitary Rapid Support Forces (RSF) to protect a 237-kilometer stretch of the Greater Nile Oil Pipeline in an active war ...