SINGAPORE'S refining sector has finally shown some recovery in July, as the Republic's three refineries hit full operable capacity for the first time since February 2020 at 1.315 million barrels...

[HOUSTON] Occidental Petroleum reported a US$6.6 billion writedown in the second quarter, equivalent to more than 40 per cent of its market value, as the collapse in energy prices took its toll on...

SINGAPORE'S refining sector has finally shown some recovery in July, as the Republic's three refineries hit full operable capacity for the first time since February 2020 at 1.315 million barrels...

[PORT LOUIS, Mauritius] Salvage crews raced against time on Monday to prevent a second disastrous oil spill off the picture-perfect coastline of Mauritius, with a damaged tanker carrying nearly 2,...

[BENGALURU] Energy companies have begun taking back millions of barrels of oil from the US government's emergency stockpile after renting storage in the facility to help manage a glut of crude...

OIL rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased coronavirus-related lockdowns, but traders remained cautious due to US-China...

BP will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world's...

[RIYADH] Saudi Aramco said it's still working on a deal to buy a US$15 billion stake in Reliance Industries's refining and chemicals business, even as lower oil prices forces it to slash...

DRILLERS cut exploration in US oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers abandoned growth plans.

[DUBAI] Saudi state oil group Aramco on Sunday reported a 73.4 per cent fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for...