- Raising global trade concerns over Trump's tariff policies, Fed's decision on unchanged interest rates, and increase of US crude stocks beyond market expectations affect price fall - At $6.8 ...

Drilling activity showed a marginal increase for the first time in three weeks. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count edged one rig higher to come in at 593 ...

The total U.S. rig count is made up of 487 oil rigs, 100 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 530 horizontal rigs ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

Indonesia’s national energy company Pertamina has secured the jack-up rig CPOE 16 from Chinese offshore drilling contractor CNPC Petroleum Offshore Engineering (CPOE) on a four-year firm ...

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. Brent crude for May delivery fell 1.38% to trade at $69.39 per ...

NEW YORK, March 11 (Reuters) - Oil prices settled slightly higher on Tuesday, helped by weakness in the dollar, but gains were capped by mounting fears of a U.S. economic slowdown and the impact ...

Moscow is resuming oil and gas operations in Iraq’s Kurdistan Region (KRI) to regain geopolitical influence lost after setbacks in Ukraine and Syria. The West is increasing investments in ...

Extra-virgin olive oil has the most scientific evidence for its health benefits. But avocado and high-oleic vegetable oils are also good for your health. Social media is rife with conflicting ...

Oil rigs are critical for supplying the world with energy but working on a rig is not without its risks. In the eighties, a horror diving accident saw five men die after an unprecedented change ...