Kuwait has contributed over $23 billion to assist developed countries in mitigating the impacts of climate change. It is ...

BP's shift to renewables led to oil production decline and financial woes. 2024 profits plummeted from $14.9 billion to $2.34 ...

Though its acquisition target, KCA Deutag, received word in the second quarter that eight of its rig contracts with Saudi ...

In August 1990, Iraq invaded Kuwait, sending the price of oil soaring from about $65 per barrel to over $90 by the next month ...

Iranian-backed militias and political factions in Iraq declared Trump “wanted” for his role in ordering the 2020 ...

Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential hurricane ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2 ...

In a news release posted Sunday, OPEC said that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, would extend voluntary cuts totaling 2.2 million barrels a ...

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...

Naval power in the Middle East is incredibly important for protecting not only the maritime borders of individual countries, ...

Making for potential opportunities, specific trends in the energy sector could make three oil stocks worth watching before, during, and after their earnings are announced this week. With some of ...