DMCC, a trading arm of Russia's Lukoil, is shifting its business to a newly-created Dubai-based entity, four sources familiar ...

For decades, the world has looked to the Middle East as the heart of global oil production,a region synonymous with vast ...

Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said.

The modern oil era has transformed the global economy, geopolitics, and industrial development. This video traces the rise of ...

The monarchical Arab Gulf states emerged on the other side of last June’s Israeli and US attacks on Iran largely unscathed, with the important exception of a limited, retaliatory Iranian missile ...

Oil gained for a second straight session as technical levels exaggerated a rally on fresh tensions in the Middle East. West Texas Intermediate crude settled above $68 a barrel after futures ...

The firm’s chief executive said the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, ...

Peter Van Driel, the company’s chief financial officer, told reporters on a conference call on Wednesday that Adnoc Gas' ...

Big checks, cheap energy and the prospect of fast growth lured artificial intelligence companies to the Middle East. Now they ...

U.S. Treasury Secretary Scott Bessent acknowledges China's position on oil purchases but suggests an overall trade deal ...

Whoever does not control their energy has no homeland. They have territory.” The energy world and the new colonialism Energy is not just electricity, nor ...

The antagonistic interests of the imperialist powers and the regional powers of Israel, Turkey and the Gulf states that have backed Sharaa in their bid to control Syria has the potential to ignite ...