Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28 ...

The measures could exacerbate an anticipated 200,000 barrel-per-day decline in Venezuelan crude oil output this year, Singh said. It has compounded uncertainty for buyers and saw trade of ...

The data also showed that Saudi refineries’ consumption of crude oil rose by 250,000 barrels per day to 2.675 million barrels per day. Direct crude burning also increased by about 52,000 barrels ...

Industry body Offshore Energies UK says the North Sea could produce half of all oil and gas in run up to 2050.

Last year the state oil giant produced 705,000 tons, or 5.15 million barrels of shale oil. Following a call from the central government to boost domestic energy security, China's national oil ...