Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...

Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.

The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company ...

Saudi Arabia and allied oil producing countries postpone gradual oil output increases until the end of the year, extending cuts by one month due to weak global demand.

Oil futures finished sharply higher Monday after members of OPEC+ - made up of the Organization of the Petroleum Exporting Countries and its allies - said they would wait yet another month before ...

The cartel of oil-producing countries, which has expanded to include Russia, decided to postpone plans for a return to ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.

OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.

Oil prices were rising early Monday after the Organization of the Petroleum Exporting Countries extended production cuts. It could be a short-term lift for prices because the market still faces the ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...

Haitham Al Ghais, secretary general of the Organization of Petroleum Exporting Countries in Abu Dhabi, said that oil demand is ...