Libya has assigned new oil and gas exploration rights to foreign firms, aiming to revamp the sector after years of civil strife. The country’s National Oil Corporation (NOC) announced the results of ...

The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the ...

Interpol issued a red notice for the arrest of one of Indonesia’s biggest oil tycoons over a US$285 million corruption scandal, police said late on Sunday. Mohammad Riza Chalid, 66, nicknamed the ...

The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela, marking a significant step to ease sanctions under the new US-backed leadership in ...

Joy Pillai is a Senior Journalist at India.Com, where he is dedicated to sculpting interesting financial stories and trending stories. With a keen eye on Indian politics and world affairs Joy Pillai a ...

US President Donald Trump has made it clear that the 25% tariff on Indian goods, which has now been lifted, could come back if India resumes buying oil from Russia. The warning comes despite ...

In nearly a dozen years delivering home heating oil, Roger Rose Jr. has never seen a winter like this: the cold, climbing over snow piled high and dragging a hose laden with oil over terrain where a ...

Some residents of an apartment building in Northeast Philadelphia say they have to bundle up and turn on space heaters just to stay warm inside their homes because of issues with the heat. The ...

Crude oil futures gained Monday as tensions between the U.S. and Iran continue to keep a level of geopolitical risk in the price. Initial talks on Friday were said to have been positive, but the U.S.