The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed.
The vast total captured by petrostates and fossil fuel companies since…
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
The Organization of Petroleum Exporting Countries raised output by…
Cartel of oil-exporting nations expects demand to continue rising until late 2030s.
The world’s most powerful oil-producing nations have denied that oil demand may have already reached its peak and…
In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty U.S. economy to its knees by slapping an oil embargo on Washington and its allies. The suspension of…
The oil-rich Middle East is boosting investments in renewable energy generation at home and abroad.
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Just a few years ago, this notion would have raised a few eyebrows. But…
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