Exxon XOM0.04%increase; green up pointing triangle Mobil is slashing 2,000 jobs worldwide, it said Tuesday, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more ...

Global oil demand is set to rise through 2030 amid weaker-than-expected efficiency gains, BP said on Thursday in its 2025 Energy Outlook, in which the supermajor ditches its forecast from last year ...

Wood Mackenzie warns of a 2026 oil glut, with oversupply pressuring prices even as long-term demand outlook remains strong, forcing producers into tough investment decisions. Investor pressure for ...

Imperial Oil Ltd. announced plans on Monday to lay off 20 per cent of the company’s employees by the end of 2027. Imperial Oil had about 5,100 employees as of the end of 2024, according to a ...

Your car's engine, whether gas, diesel, or hybrid, requires sufficient oil to operate smoothly. Too much oil is bad for any engine, but the right amount offers protection against cold starts, reduces ...

Russia has powered its war in Ukraine by keeping its oil flowing. Now, after more than 3½ years of conflict, the gusher is slowly starting to peter out. The toll of the war and Western sanctions have ...

Iraq has resumed crude oil exports from the semi-autonomous Kurdistan region to Turkiye after an interim deal broke a two-and-a-half-year deadlock over legal and technical disputes. The resumption ...

Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the State-owned firm said without putting an estimate of the size of the find. In a statement, OIL said "occurrence of ...

French authorities are investigating a suspected offence by a Benin-flagged oil tanker that is listed under European Union and UK sanctions against Russia. EU officials say the vessel, currently ...

Oil India Ltd has definitively established the presence of natural gas in the Andaman Sea for the first time, marking a significant find at the Sri Vijayapuram-II well. Initial testing confirmed ...

Indian representatives have told the Trump administration that significant cuts in Russian oil imports would require access to alternative crude from sanctioned nations like Iran and Venezuela. During ...

Nearly four years ago, John Paul Merritt walked into his pristine white marble kitchen after work, aware he was about to shatter the calm of an ordinary evening. It should have been a day just like ...