The U.S. pledges reliable energy supplies to Asia-Pacific amid rising oil prices due to the West Asia conflict.
The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.
The Persian Gulf island, targeted by U.S. strikes, is home to Iran’s main oil export terminal. Any disruption could jolt global energy markets.
President Trump said the U.S. military "totally obliterated" every military target on Kharg Island during large-scale ...
Japan and South Korea expressed concern on Saturday about the rapid declines in their currencies, saying they were ready to act against excessive foreign-exchange volatility. Finance Ministers Satsuki ...
California issued more drilling permits, but producers aren’t drilling despite oil prices over $100 per barrel, citing ...
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late ⁠on ...
President Trump is asserting executive authority to demand California restart controversial offshore oil drilling along its ...
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Read more here.