The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, has resisted US pressure for a wider opening of the taps in response to high energy prices

“Given BPCL’s borrowings, it will need approval from lenders, which would take a few months," an official told the paper

The union did not disclose what the dispute was about but rejected reports that it was solely over welfare issues

King Salman says efforts by the world's top oil exporter to maintain spare capacity had proven important to safeguarding energy supply security

Service agreement was signed with Pemex Exploración y Producción, to build a plant with a capacity of 300 million standard cubic feet per day in Tierra Blanca, Veracruz state

After 2024, Petronas said it foresees a positive outlook for drilling rigs activity while continuing to enhance and upgrade capability

The study, which is in line with the Singapore Green Plan, will go on until mid-2022, before the companies decide on their next move.

Countries face pressure to take action against oil and gas giants that generate billions in revenue and allow the junta to continue its brutal repression of people throughout Myanmar

Imports rose by 43.8% compared with the same period a year ago, beating economists’ forecasts of 40% and totalling $72.9 billion

Campaigners say the bank provided $4.1 billion to companies planning new coal plants and $15 billion to the coal industry. They say coal developers should be blacklisted

The latest discovery brings total proven reserves of the gas field so far to nearly 900 billion cubic metres

Viva Energy to make a final investment decision on the project by the third quarter of fiscal 2022