BP is cutting around 7,700 jobs (5% of its workforce) to reduce costs and improve its financial performance for investors.

Canada's oil province, Alberta, opposes the federal government's plan to restrict oil exports in response to a potential US ...

China is significantly increasing investment in grid expansion to reduce wasted wind and solar power generation.

U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...

As more drilling locations in the Permian are now in the hands of large listed firms, investor demands for high returns trump ...

Canada is preparing to impose tariffs on US goods worth billions of dollars if the US enacts similar measures on Canadian ...

The EU faces uncertainty in 2025 due to the incoming Trump presidency and its potential impact on trade, defense spending, ...

OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely ...

Indian refiners are aiming to settle payments for Russian oil much faster to avoid complications from US sanctions.

While Western sanctions have targeted Russia's economy and military production, loopholes have allowed Moscow to largely ...

Commodity experts at Standard Chartered predict that the ongoing strength in oil markets at the start of the new year is ...

Tesla retained the biggest market share among all battery electric vehicles (BEVs) sold worldwide in 2024, but only slightly.