Oil prices rebounded and gained 1.6% early on Tuesday amid weakening U.S. dollar, following the broad market selloff on Monday triggered by fears of a recession in the United States. As of 9:56 a.m. ET, the front-month futures of the U.S. benchmark WTI Crude were trading 1.64% higher at $66.98 per

Uncertainty has been rife in oil markets of late as Trump's trade wars threaten global demand just as OPEC+ is set to boost supply and Ukraine peace talks get underway.- US Energy Secretary Chris Wright announced that he plans to work with the Congress to cancel the mandated sales of 100 million

ExxonMobil’s eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyana’s oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5 billion cubic feet per day

Senior Ukrainian and US officials have begun a high-stakes meeting in Saudi Arabia, discussing how to end Russia's war against Ukraine amid recent tensions between Kyiv and Washington and intensifying fighting on the battlefield. Ukrainian delegation leader Andriy Yermak, President Volodymyr

The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. The IEA famously said in 2021 that no investments in new