Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven lower by oversupply and weak demand. Global oil inventories had been rising, ...

Russian billionaire Vagit Alekperov resigned as CEO of Lukoil on Thursday, following UK sanctions. Lukoil is the second-largest oil company in Russia and one of the world's largest oil producers.

Oil and Gas Development Company Limited (OGDCL) has announced a major discovery of oil and gas reserves in Kohat district, Khyber Pakhtunkhwa, calling it the largest find of 2026. The company stated ...