Victor Adetimilehin

Shares of U.S. energy companies surged Wednesday as oil prices rose 3 percent following increased tensions in the Middle East, affecting market stability.

ADNOC acquires Covestro in a €14.7 billion deal to expand into petrochemicals and green energy, marking a significant foreign investment by a Gulf state.

U.S. oil giants Exxon, Chevron, and ConocoPhillips disclosed they paid over $42 billion to foreign governments in 2023, significantly more than what they paid in the U.S., according to new …

Gregory Goff, an Exxon director, is leading Amber Energy in a $7.28 billion bid to acquire Citgo Petroleum, aiming to expand its refining and distribution presence in the U.S.

U.S. drillers cut the number of oil and gas rigs for the second consecutive week, bringing the total rig count to its lowest since early September, as companies focus on …

Eni is in final negotiations with KKR to sell a 20% stake in its biofuel unit, Enilive, while other investors like Stonepeak have expressed interest in acquiring a second stake …

Sam Altman-backed Oklo has secured a site inspection deal with the DOE for its proposed nuclear reactor in Idaho, a key step in its plans to build the facility by …

OPEC has raised its long-term oil demand forecast, predicting that global demand will reach 120.1 million barrels per day by 2050, driven by growth in developing economies.

U.S. oil producers are evacuating workers from Gulf of Mexico platforms and shutting down operations as Hurricane Helene approaches, bringing threats of severe winds and storm surges to the region

Oil prices edged up on Monday, supported by geopolitical concerns in the Middle East and the U.S. Federal Reserve’s recent interest rate cut, which is expected to boost economic activity …