The Barents Sea is poised to deliver a new oil discovery to a heavyweight Norwegian joint venture near one of the region’s ...

India's Bharat Petroleum Corp will sign a contract with Brazil's Petrobras for optional crude imports of 6 million barrels in ...

The real-time price of Brent crude oil is at $76.55 per barrel, and the price of WTI crude oil is at $72.82 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

Oil smuggling remains highly profitable despite sanctions on Russia, Iran, and Venezuela, which together produce about 16 million barrels per day at a discount. Western sanctions create obstacles but ...