The surprise move comes after the world’s biggest oil exporter had said in November that it was progressing “very well” with a multibillion-dollar project to boost capacity to 13 million barrels a day.

It is the first major energy extraction agreement with a foreign firm since the Taliban took power.

A kilogram of jasmine oil can cost $5,000. But to get that small amount of oil, harvesters need to handpick over 5,000 jasmine buds. Once the flower blooms, producers in India quickly process it into one of the priciest absolute oils in the world. Today,...

Ukraine attacked an oil depot in the Shakhtyorsk/ Donetsk region, the mayor's office reported. There were no reports of casualties.

Growing numbers of people are experiencing climate anxiety as scientists, campaigners, and diplomats speak with increasing alarm about the unparalleled scale of the global climate breakdown and news reports cover the impact of extreme weather and the loss...

Ukraine War Update EXTRA: Liberated Towns, Prisoners, Musk, OPEC & Battle Scenes

Despite formidable headwinds, Latin America's hydrocarbon sector presents myriad opportunities for investment over the next year. Speakers: Carlos Garibaldi - Executive secretary of ARPEL Luiz Eduardo Rubiao - Partner FA | I&CP | Smart Operations | Oi...

As Europeans suffer high energy costs and the prospect of a rough winter, some have begun to ask if Western sanctions against Russia were in fact an own goal. On the face of it, Russia’s economy is not going through the meltdown once predicted and Moscow...

Even though Trump sometimes seems like he's sometimes shooting from the hip on the campaign trail, it's all part of a persona he refined back in the 80s.

Someone left these marks in the sand. We had to find out who.

Saudi Arabia is the second-largest oil producer in the world. Russia comes third on that chart. Ever since the war in Ukraine started, Saudi Arabia has been buying mind-boggling amounts of oil from Russia. Why is Riyadh doing so, and what game are Preside...

This is a video taken of a shark swiming arround the base of a oil rig in the Gulf Of Mexico at a depth of 8,717 feet.. for all you whiners this vido came from BP's oil rig sight i did not film it so if you dont want to believe the cameras on the rig t...

In central Africa a giant slab of carbon-rich peat land, discovered by a team of British and Congolese scientists, is under threat from oil companies and farming. The carbon must be kept in the ground to avoid accelerating climate change, but some plots...

The 27 EU members agreed a new sanctions package late on Monday covering more than two-thirds of Russian oil imports to the bloc, European Council President Charles Michel announced.