European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from ...

The notice of appeal challenges Florida's decision to deny an exploratory drilling permit in June after a state judge recommended against it in April.

Kuwait's state energy company said OPEC's latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.

KUWAIT, 8th July, 2025 (WAM) -- The price of Kuwait oil went down 9 cents to US$69.98 per barrel on Tuesday, compared to US$70.07 per barrel last Friday, as Kuwait Petroleum Corporation stated on ...

In the wake of the U.S. attack on Iranian nuclear facilities, President Trump on Monday urged “everyone” to keep oil prices down. “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE ...

Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.

KUWAIT, 18th June, 2025 (WAM) -- With concrete steps and a lucid vision, Kuwait's oil sector has succeeded in assembling a rigid cybersecurity system that acts as a shield for the national economy ...

It also enabled Standard to develop processes to remove impurities from otherwise unusable oil, allowing the company to purchase otherwise unwanted oil for pennies on the dollar.