In EIA’s forecast, increasing oil production outpaces annual oil demand growth. Rising inventories globally will result in ...

On May 6, on a call to discuss first-quarter earnings and operations, the to-be chief executive told analysts not to expect ...

Beacon Offshore Energy LLC, Houston, along with its Gulf of Mexico Wintershall development partners, are evaluating a future sidetrack to produce reserves after remediation of the Winterfell-3 well ...

This marks the group’s third consecutive monthly hike, escalating concerns of a potential price war in the global oil market.

The deal, signed with “a major Asian energy company,” will see Commonwealth supply 1 million tpy of LNG for 20 years, the company said in a release May 5.