Commenting on the move, Africa Oil's chief executive Roger Tucker said: “Through our shareholding in Impact we have exposure to an exciting opportunity set in Namibia’s Orange basin ...

It's been a volatile week for oil markets, with Libya's oil blockade sending a supply shock through markets before traders refocused on concerns around Chinese demand. At the same time ...

Oil benchmarks up around 4% for the week Federal reserve interest rate cuts support oil prices U.S. crude inventories fell to a 1-yr low last week, EIA Weaker Chinese demand could limit gains Sept ...

Shell Plc is set to cut around 20 percent of its workforce in some oil and gas exploration and development divisions. Shell Plc is set to cut around 20% of its workforce in some oil and gas ...

Scotland's only oil refinery is to close by next summer with the loss of 400 jobs, it has been confirmed. Owners Petroineos previously said the Grangemouth plant had been facing "significant ...

The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

Saudi Arabia is expected to increase its crude oil supply to China in October after ... trade sources told Reuters on Thursday. The Kingdom is set to ship a total of 46 million barrels of its ...

Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profitability. It ...

Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union ...

The US Foreign Agricultural Service forecast Indonesian palm oil output from January to June declined by 2% from the same period last year, according to a report earlier this month. Drought caused ...

Oil Market Insights: What’s Driving the Rebound and What’s Next? Has American light oil found its footing after bouncing back from the lows, and what could this mean for oil prices today?