Following its meeting on Wednesday, the OPEC+ group's Joint Ministerial Monitoring Committee (JMMC) reportedly proposed that the alliance reduce production by 2 million barrels per day (bpd) in November. According...

Amin Nasser, the chief executive of Saudi Aramco, said that the oil market is disregarding the reality that spare oil production capacity is now very low during a speech at...

With the start-up of the Johan Castberg oilfield and the completion of the second phase of the Johan Sverdrup oilfield development, Norway, the largest producer of oil and gas in...

In a historic transaction, the Nigerian National Petroleum Company Limited (NNPCL) recently acquired OVH Energy Marketing (OVH) Limited, a significant downstream player in the Nigerian oil and gas sector. With...

According to Russian Deputy Prime Minister Alexander Novak, this year's natural gas shipments from Russia to the European Union are predicted to fall by 50 billion cubic metres (bcm), or...

According to the International Energy Agency (IEA), which revised its growth estimate downward by 110,000 barrels per day from last month because it anticipates China's oil demand to decline for...

According to a leaked draft document of recommendations it had seen, the European Commission is abandoning the concept of suggesting a price cap on Russian gas as a part of...

According to sources familiar with refiners' allocations from the biggest crude oil supplier in the world, Saudi Arabia would provide the full contractual amounts to at least three customers in...

The U.S. Treasury Department stated today that the cap being considered by the G7 should reflect a fair market value and should not include a risk premium associated with the...