The Galoc oil field consortium is seeking approval from the Department of Energy for a new service contract to recover remaining reserves in northwest...
Caracas, Venezuela—Venezuela, which sits on the world’s largest proven reserves of oil, is approaching daily production of a million barrels for the first time...
PARIS France—Oil cuts by OPEC+ allies Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of the year, raising...
VIENNA, Austria—There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on...
RIYADH, Saudi Arabia—Saudi Arabia on Monday denied a report that oil producers were discussing a production increase for their next meeting, saying a cut...
A powerful US senator called Monday for Washington to freeze all cooperation with Saudi Arabia over its decision to "underwrite" Russia's war in Ukraine...
VIENNA, Austria—Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with...
VIENNA, Austria—The OPEC+ oil cartel agreed to a tiny increase in production Wednesday, an amount analysts say will disappoint US President Joe Biden after...
