The items members are either buying in bulk or planning to stock up on include coffee, olive oil — 97% of which is imported — laundry detergent, pet food, liquid soap and toilet tissue.

DUBAI, United Arab Emirates (AP) — A U.S. airstrike on an important oil port held by Yemen’s Houthi rebels killed more than 70 people and wounded many others, the Iranian-backed rebel group ...

U.S. forces on Thursday hit a major fuel port in western Yemen used to supply Houthi rebels, the first such airstrike publicly announced since Washington began an air campaign against the militant ...

JAKARTA : Indonesia awarded five oil and gas blocks to companies, its energy ministry said on Wednesday, as it attempts to replenish its oil and gas reserves and improve its energy security.

The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, says the ongoing instability in global oil markets is negatively impacting Nigeria’s economy.

The FPSO is engineered for a minimum production capacity of 250,000 barrels of oil per day and a storage capability of around two million barrels. Once operational later this year, it will push ...

ConocoPhillips recently added to its treasure trove of low-cost oil supplies. Chevron stress-tested its business and showed it can still thrive at $50 oil. Oil prices have tumbled this year.

Oil price drop seen hitting exporters disproportionately Angola faced a margin call after bond market rout Nigeria's carry trade stops being attractive on oil fall Gulf exporters likely to weather ...

The Organization of the Petroleum Exporting Countries reduced its oil-demand outlook for this year and next, citing the impact of U.S. tariffs on economic growth globally. The lowered outlook ...

OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other ...

It's been a dramatic few days on global oil markets. Trump's tariffs and a shock move by OPEC have fueled concerns among many major oil producers — not least Russia ...