U.S. oil major Exxon Mobil Corp made the revision due to low oil prices throughout 2016, a company filing showed. » Read More
By: Yen Nee Lee
Royal Dutch Shell and ExxonMobil could see a 10 to15 percent hit to margins at their Singapore refineries when a new carbon tax takes effect in 2019. » Read More
By: Huileng Tan
Australian flag carrier Qantas Airways on Thursday announced better-than-expected 1H results, sending share prices rallying to a 10-month high. » Read More
Eleven non-OPEC oil producers that agreed to cut output to boost prices have delivered at least 60 percent of promised curbs so far. » Read More
Global demand for oil continues to pick up, but a period of sluggishness is still expected to hang over producers in 2017.
Pulitzer prize-winning oil analyst Daniel Yergin appears to be feeling more confident that American drillers can boost output in 2017.
OPEC members appear to be complying with agreed production cuts, but Saudi Arabia is overcompensating for some of its fellow oil producers.
French oil major Total said it is hunting out opportunities to buy plumb assets from struggling rivals after it reported better-than-expected fourth quarter net profits.
The recent jump in U.S. crude imports and inventories could reverse from March given the high compliance to the OPEC proposed cuts, Goldman Sachs said.
Shares of Singapore-listed offshore services company Ezra Holdings hit record low on Wednesday as concerns over its debt obligations continue to mount.
Shell needs to be competitive at every oil price level, CEO Ben van Beurden said.
With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.
Norway's Statoil posted fourth-quarter results well below forecasts, including a $2.3 billion net impairment charge.
The U.S. was the world's most confident region as measured by a quarterly survey of business leaders.
Here's how the US could start treating Mexico like Russia treats Ukraine, say Jason Bordoff and Tim Boersma.
Oil may not help Saudi Arabia's relationship with Trump, but it has something else to offer, writes Breakingviews' Andy Critchlow.
Trump has promised to boost the U.S. fossil fuel industry, but there will be little real impact on the market in the short-term, a consultant said.
Royal Dutch Shell has agreed to sell a package of oil and gas fields to private equity-backed Chrysaor for $3.8 billion.
Trump offered wrong information when he was arguing that U.S. pipeline makers should not use foreign pipes.
Eike Batista, once Brazil's richest man, was detained in connection to charges including an alleged $16 million bribe to a former governor.
Chevron reported a second straight quarter of profits, but low oil and gas prices dragged the company to an annual loss.
Pioneering shale driller Harold Hamm had words for a Gazprom executive who cast doubt on the U.S. oil and natural gas industry.
Disagreements on sourcing and exports could be problematic for Keystone XL's newly expedited approval process, Sen. Heidi Heitkamp says.
After Russia's biggest privatisations since the 1990s, it still isn't possible to determine the full identities of those who bought it.
Get the best of CNBC in your inbox