Many petrol stations across Lebanon have closed after owners said they would not order more fuel because of restricted access to US dollars.

The shortage comes with a financial crisis that has driven more than"...

NEW YORK — The days of relentless production growth from US shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

Investor calls for shale producers"...

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions,"...

MILAN: Energy group Eni achieved its highest ever oil and gas production rate for a third quarter, softening the blow of lower quarterly earnings because of weak oil and gas prices.

The Italian company generates"...

NNA - The Syndicate of gas and oil stations' owners in Lebanon on Monday exhorted protesters to open the road for tankers transporting fuel nationwide.

'Gasoline and fuel are vital substances not only"...

Dragon Oil Ltd, the exploration and production platform of Emirates National Oil Company (ENOC), said on Monday it has acquired BP’s stake in The Gulf of Suez Oil Company (GUPCO Egypt).

The deal has been"...

The UAE has made great strides in setting strategic objectives to protect the environment and conserve natural resources, while achieving robust economic and social development, experts said at the Water, Energy, Technology and Environment Exhibition (Wetex 2019).

Sheikh"...

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with"...

As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. This goes against the advice of Lebanese experts who have been warning against a 'presource' curse (the underperformance"...

Lebanon’s oil importing companies announced Friday evening that they will resume delivering fuel to stations and distributors as of Saturday morning and that they will get paid in Lebanese pound, hours after distributors and the owners of stations declared an open-ended strike.