China’s state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels.

Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy. Brent crude futures gained 24 ...

a new regime took power that led to the withdrawal of foreign workers from Iran's oil industry. Iranians took control of the company. Iran accounts for 4% of the world's oil production.

Currie doesn’t expect fossil fuels to disappear anytime soon, but he said the world is seeing “Peak Oil Trade ... outlining what he calls the “New Joule Order,” where security of ...