China will build more projects to expand its oil reserves, according to the authorities, who did not provide figures or details about the expected jump in crude reserve buildups and capacities. The ...

Colombia’s state-controlled oil giant Ecopetrol may increase spending and boost output if elevated oil prices persist amid the escalating Middle East conflict, the company’s chief executive said ...

OPEC headquarters in Vienna. The cartel and its allies met Sunday.Joe Klamar/Agence France-Presse/Getty Images The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to a ...

Oil prices rose sharply when market trading kicked off on Sunday (early Monday in Asia) NEW YORK: Oil prices rose sharply when market trading began Sunday (early Monday in Asia), as US and Israeli ...

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Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two ...

Chevron Corp. could grow its cash flow by as much as $700 million a year from increasing oil production in Venezuela as the Trump administration seeks to control the South American country’s crude ...

Nigeria's state-owned oil producer plans to develop new oil fields from next year and seeks to raise at least $30 billion by the end of the decade, senior officials familiar with the plans said. Image ...

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LONDON, Nov 3 (Reuters) - Top Western oil companies are enjoying a windfall from the expanding attacks on Russia's oil industry – both literal and economic – that have boosted global refining profit ...

The Trump administration imposed new sanctions on Russian oil companies Lukoil and Rosneft as the talks to end the Russia-Ukraine war have stalled. Photo: Alex Brandon/Associated Press The ...