European Parliament lawmakers voted against a non-binding motion to prohibit oil and gas exploration in the Arctic
Oil prices have tumbled following an OPEC report that stocks are rising worldwide, despite an agreement to reduce output to try to push up prices.
Spanish energy firm Repsol's shares jumped after it announced it has found a field with enough crude to supply all of needs of Spain for four years.
Saudi Arabia reportedly wants crude oil to rise to around $60 a barrel this year to encourage new investment but not boost US shale oil output.
Saudi Arabia's state oil company Saudi Aramco is to invest $7 billion in an oil refinery and petrochemical project in southern Malaysia.
Oil prices jump on word that OPEC producers have achieved over 90 percent of the output cuts they had pledged.
British oil and gas company BP has said it needs crude oil to be selling for $60 a barrel by the end of the year for it to break even.
A crane on a construction site overlooking the White House in Washington D.C. has been taken over by Greenpeace to display a banner with the message "Resist".
Not one to shy away from a challenge, US President Donald Trump has signed executive orders to accelerate two controversial pipeline projects.
Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude.
Mexico's energy reforms have started to bite with a 20 percent rise at the petrol pumps and angry consumers have been protesting.
The outgoing president has used an old law to try to protect the regions permanently from exploration, before Donald Trump takes office.
Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices?
Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil.
Global oil demand will rise more strongly than expected in 2016 and 2017 the International Energy Agency has said.
Oil hit an 18-month high after OPEC and some of its rivals agreed to jointly reduce output to try to tackle global oversupply and boost prices.
Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit…
OPEC gets its act together in first co-ordinated action in ages and agrees production cut, but analysts say no oil price shock is on the cards.
Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.
There is renewed optimism that the producer group OPEC might agree to limit the amount it pumps, thereby addressing a supply glut and low prices.
BP's latest quarterly earnings were almost halved while Shell announced its highest profit in five quarters thanks to the purchase of rival BG Group.
Saudi Aramco's head Amin Nasser says low prices mean cash-strapped energy companies are not investing risking shortages of oil and gas in the future.
Russia's President Putin says it is ready to join a proposed freeze of oil output by OPEC members but did not say at what level it would cap output.
Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details.