Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on ...

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on ...

Ukraine’s defence forces attacked an oil depot in the Russian city of Engels in Saratov Oblast on the night of 5-6 June, causing a large-scale fire. The facility is used to refuel strategic aircraft ...

Commerce Secretary Howard Lutnick told senators Wednesday that he expects to complete an analysis and set the standard for tariffs on aircraft parts by the end of the month.

Electric aircraft developer BETA Technologies recently hit a notable milestone today when its ALIA CTOL plane completed its first demonstration flight with passengers onboard. The electric ...

Effective 14 September, the basic customs duty on crude soybean, palm and sunflower oil was raised from 0 to 20%, making the effective duty on crude oils as high as 27.5%.

Russia's oil and gas revenue fell by 35% year-on-year in May to 512.7 billion roubles ($6.55 billion), data from the finance ministry showed on Wednesday, as weakening oil prices and sanctions ...

Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri ...

The ALIA CX300 used for this demonstration is essentially a conventional take-off and landing (CTOL) version of BETA's A250 electric vertical take-off and landing (eVTOL) aircraft that we first ...

West Texas oil executives, who were some of Donald Trump's biggest supporters last election, say the president's trade and energy policies are causing "chaos" for the industry.

Source: Archer Archer completes piloted flight in Midnight aircraft. Per Archer, it took years of safe, autonomous flight testing data to build to the company’s piloted flight seen in the video ...