American sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long queues for fuel in the South American nation’s second largest city,...
Qatar has said it is "very comfortable" and can survive the economic and diplomatic steps its neighbours have taken to pressure it "forever".
The country...
Nigeria is seizing one of Africa's richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show.
The...
The Obama administration has blocked new oil and gas drilling in the Arctic Ocean.
The move handed a victory to environmentalists who say industrial activity...
Profits at oil giant BP plunged 44% to US$720m in the second quarter.
The slump in underlying replacement cost profit, the benchmark industry measure, comes...
