LONDON, Nov 12 (Reuters) - OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's ...

has secured a second significant tender with Indian Oil Corporation (IOCL) since September. The latest tender with IOCL is for $15 million for Veeder-Root branded Red Jacket ® submersible turbine ...

Lower oil prices and weak refining margins weighed on the group’s performance. The 30% year-on-year drop in third-quarter earnings to $2.27 billion will “maintain pressure” on CEO Murray ...

Under one scenario being discussed, state-backed giant Rosneft Oil would absorb fellow state producer Gazprom Neft—a subsidiary of natural-gas exporter Gazprom—and independently-owned Lukoil ...

NEW YORK, Nov 8 (Reuters) - (This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) Oil prices settled more than 2% lower on Friday as traders grew ...

Crude oil prices fell for much of Wednesday morning even as major oil companies rallied. Brent crude recovered midday and was trading close to flat, while a basket of U.S. oil and gas exploration ...

Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...