The offer comes “after nearly 60 formal meetings and hundreds of hours of exchanges over a two-month period,” according to BP.

As the oil price rises, investors might expect BP shares to follow. But Harvey Jones warns it may not play out that way, given today's extreme uncertainty. The post Are BP shares a slam-dunk buy as ...

Newfoundland and Labrador’s provincial government has signed an agreement with Equinor and BP to open the path for construction and production of the Bay du Nord offshore oil project, says Premier ...

The shutdowns may extend to about two-thirds of Iraq’s total crude oil production in the coming days if the Strait of Hormuz remains effectively out of bounds.

An immediate ceasefire must be called for the US-Israel attack on Iran, where conflict is risking countless lives and may destabilise oil prices for years to come ...

FTSE 100 Live 04 March: Oil price higher but index steady, Vistry shares slump - ...

A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador ...

The oil-market's worst fears have been realised this week after Hormuz all-but closed to shipping because of the Iran war ...

Trump reiterated that he’d like to see a more moderate leader emerge in Iran, but his top candidates were killed amid strikes.

Brent crude oil price reached a peak of $85.12 per barrel, rising 10% on Tuesday as the global oil market took into account ...

BAGHDAD: Iraq reduced production at a major oil field on Tuesday after the Strait of Hormuz was effectively closed, according to an official document and oil mi ...

For Iraq, the ship shortage is now backing up output. The country has begun closing both the Rumaila field, the nation’s ...