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CHINESE state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile...

PERCHED on a northern tip of Qatar, about an hour's drive from the gleaming capital Doha and at the end of "Route 77", stands the secretive city of Ras Laffan...

[NEW YORK] Oil prices fell about 1 per cent on Friday as worries about rising US supplies outweighed Opec pledges to boost compliance with output curbs.

HIGHER sales volume, coupled with a large tax credit, lifted the fourth-quarter earnings of Golden Agri-Resources. Its net profit for the three months ended Dec 31, 2016, leapt 136.7 per cent to US$...

[LONDON] Oil bigwigs are trying to figure out strategies to deal with the impact that Donald Trump's blizzard of plans to boost the US industry will have on the world market...

[CHICAGO] In his first blog post since succeeding Rex Tillerson, the new head of Exxon Mobil Corp focused on climate change, calling for a carbon tax to discourage use of polluting fuels.

[BENGALURU] Gold prices held steady on Friday near 3-1/2-month highs hit in the previous session amid tempered expectations of a US rate hike in March and as investors awaited clarity on President...

[TOKYO] US oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was...

[LONDON] Saudi Arabia has said oil giant Saudi Aramco is worth more than US$2 trillion, enough to consume Apple Inc twice, and still have room for Google parent Alphabet Inc.

EXXON Mobil Corp disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a US$16 billion oil-sands investment and other North...