U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China,

BP announced it had capped its crippled underwater well that sent millions of barrels of crude gushing into the Gulf of Mexico for three months.

Statistical Review highlights the US's continued leadership in oil production and consumption, global demand reaching new highs, and significant shifts in energy trends.

By Anastasiia Malenko, Steve Holland and Dan Peleschuk KYIV/WASHINGTON (Reuters) -U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal,

The Arbil government said the Sarsang oil field in Duhok province was hit, denouncing the strike as “an act of terrorism against the Kurdistan Region’s vital economic infrastructure”.

The US President will also meet First Minister John Swinney during the private trip to Scotland later this month.

The prime minister, a longtime climate finance advocate, has set about restoring relations with the fossil fuel industry

BAGHDAD -- An oil field in Iraq 's Dohuk province was set ablaze Tuesday after being struck by a drone. It is the latest in a series of similar attacks launched recently against oil facilities in northern Iraq's semi-autonomous Kurdish region. No group has claimed responsibility for the attack.

A second drone attack in as many days has suspended operations at an oil facility in Iraqi Kurdistan, with initial investigations pointing to Iran-aligned armed groups.

Crude oil production was at a low in the U.S. in 1992, but "low" is not "no." Just outside OKC, a spill occurred at a Phillips 66 terminal. It's back.

This policy will lead to more expensive electricity in the U.S. and a serious delay in the race against China for AI dominance.