Oil prices plummeted after Saudi Arabia cut prices, sparking fears of a global recession and weaker energy demand.

Last week’s plunge in oil prices rippled through Middle Eastern markets Sunday, sending benchmark indexes in the region ...

Saudi Arabia slashed its flagship oil price by the most in more than two years, just days after the OPEC+ alliance announced ...

A Houston-based oil company has rebuffed the authority of the California Coastal Commission in a bid to revive drilling off ...

Main equity benchmarks in Middle East countries including Saudi Arabia sank the most since 2020 on Sunday as investors ...

Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower ...

The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said in its latest report.

The company also announced it expected to slash dividend payouts in 2025. Oil giant shares stunning profit update that could ...

MOSCOW (Reuters) - Oil producer Saudi Aramco keeps its April official selling prices (OSPs) for liquefied petroleum gas (LPG) ...

Offshore rig market faces a challenging year ahead, with falling dayrates and weak demand amid contract suspensions and ...

BHIG is expected to commence commercial operations to produce blue hydrogen in coordination with Aramco's carbon capture and ...

(Reuters) - US energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil ...