The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that ...

The oil market hopes the U.S. and Iran will strike a deal that could reopen the Strait of Hormuz and restore energy shipments ...

Shell CEO Wael Sawan joins 'Money Movers' to discuss the company's latest earnings results, oil supply amid the Iran war, and ...

Earnings more than doubled—helped by oil trading and higher prices—but the energy major warned of lower production, and ...

The world is facing a growing oil supply shortfall.

We’ve been growing in confidence in the posture that the Canadian government has been taking,” Sawan said on a conference call Tuesday, when asked about the possibility of an expansion of the ...

Shell’s $16.4 billion acquisition of ARC Resources is set to increase production, expand reserves, and reinforce its long-term strategy, reflecting a broader shift by energy majors toward oil and gas ...

Shell CEO Wael Sawan warned of a near-billion-barrel crude shortage deepening daily. Here is what it means for oil markets ...