The more than $3 billion investment from Australian company Santos is Alaska’s first new oil project in decades.
Oil producers across the Americas have responded to the disruption in the Gulf by increasing output and exports.
Türkiye's daily oil production exceeds 100,000 barrel threshold, with more exploration wells in Hakkari and on the border with Van planned for this year, says energy minister.
The United Arab Emirates - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.
Iraqi oil exports are expected to resume via alternative routes as the government seeks to increase profits and ensure a ...
The oil markets don't know whether there'll be a resolution to the conflict that will lead to normalization in oil prices in 2026. Here's why oil might stay high.
Discover the crucial exploration and production stages in upstream oil and gas. Understand how drilling and extraction are ...
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Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
Kuwait said it is cutting oil production due to "Iranian threats against safe passage of ships through the Strait of Hormuz." Kuwait is the fifth-largest oil producer in OPEC. It produced ...
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