Global oil demand fell by 614,000 barrels per day in December, primarily due to lower U.S. demand, even as oil production surged by 2 million bpd compared to the previous year.

Asia's imports of crude oil are on track to hit a record high in February as the recent strong run continues, but the mix of ...

Half a century ago, turmoil in the Middle East brought the global economy to its knees. Today, even as the region’s geopolitics grow more fractious, oil markets and central banks typically treat ...

Islamic Revolutionary Guard Corps naval forces seized two oil tankers in the Persian Gulf, accusing them of oil smuggling. The IRGC-linked Tasnim news claimed that the two “fuel smuggling vessels” ...

Venezuela's acting President Delcy Rodriguez signed a law overhauling the nation's oil sector, opening it to privatization. The move reverses a core policy of the socialist movement that has ruled the ...

When it comes to oil-rich countries, one would usually think of Middle Eastern nations like Saudi Arabia or Iraq. But what many do not know is that the country with the largest oil reserves in the ...

Mr. Wang is the author of “Breakneck: China’s Quest to Engineer the Future.” President Trump has an unconcealed hunger for natural resources from abroad and the power they could grant him. He declared ...

A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) ...

That was President Donald Trump’s solution for lowering prices for millions of Americans when he was campaigning in 2024 for the top job. At the time, he wanted to expedite drilling permits that took ...

WASHINGTON--(BUSINESS WIRE)--As governments, utilities and enterprises race to meet unprecedented AI-driven demand, Data Center World, the premier global event for data center IT infrastructure and ...

Iran’s vast oil reserves have positioned the country as a central player in global energy markets—and a focal point for international political tension. Iran’s oil reserves rank third globally, with ...

Continental Resources chairman Harold Hamm discusses the U.S.' interest in Venezuela's vast oil reserves and more on 'Kudlow.' After Obama says they're real, Trump orders release of government files ...