Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and ...

Kuwait is planning to expand its oil production capacity by up to 40 percent, despite a bearish outlook for global demand and ...

BP and Iraq will sign a major deal for Kirkuk oil fields, aiming to increase production by 150K bbl/day with a more favorable ...

A colder winter has pushed global oil demand higher while new US sanctions on Russia and Iran could tighten supplies from those countries, the International Energy Agency said Wednesday.

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas ...