The state-backed Russian gas giant has suffered a massive decline in its value, losing over $300 billion since May 2008.
Oil prices jumped on the signal that Saudi Arabia would work to stabilize oil prices, but the gains were quickly erased.
With Iran set to join the global oil market in coming months, experts worry prices will remain low amid a market oversupply.
"The fee per barrel that is paid as profit to the company is flexible based on the risk which is considered,” an Iranian official says.
The U.S. Environmental Protection Agency on Friday said VW used software that reported false emissions data in all vehicles with 3-liter diesel engines from 2009 to 2016.
Castrol says an oil change and filter service with the Nexcel takes less than a tenth of the current time. And it's much cleaner.
A judge ordered Murray Energy Corp. to pay a fine after the company interfered with miners' rights to file confidential safety complaints with regulators.
Low oil prices and regulatory concerns have taken their toll on the mega deal, as anxious investors await further key approvals.
The decade-long corruption scheme was described as "astounding in its breadth and its brazenness" by the court.
Global stockpiling of oil hit a 10-year peak with crude prices firmly below the $50 per barrel level this year, according to a report by the International Energy Agency.
Etho Capital will soon launch a first-of-its-kind investment fund that includes only companies with low carbon footprints.
An unidentified buyer has made an offer, according to Bloomberg, for the troubled Texas-based oil company.
Thousands of protesters marched through the streets of Tel Aviv Saturday.
With funding from France's EDF, the 420-megawatt hydroelectric dam at Nachtigal Falls will solve 20 percent of the African nation's energy needs.
Two lawmakers overseeing energy legislation in the U.S. accepted fossil fuel money — just as they passed bills to enrich the oil and gas industry.
Coal giant Murray Energy, now under fire for its safety record, told miners they were filing too many complaints with the government, regulators say.
TransCanada's request to suspend its Keystone XL application was interpreted by many as an admission that the company expected a rejection from President Barack Obama.
TransCanada wants to suspend its U.S. application for the Keystone XL project, which was facing a possible rejection, but might reapply after the 2016 election.
The Sierra Club's chapter in the state began the legal process Monday to sue four energy companies for their alleged role in an earthquake swarm.
British scientists say they tweaked lithium-oxygen battery chemistry, and with a little graphene they made a better cell.
The exit of its economy minister may breathe fresh life into Israel's Leviathan gas field, which has been mired in a regulatory stand-off.
A Wall Street Journal survey of 13 global investment banks found oil prices will struggle to breach $60 a barrel in 2016 amid a growing supply glut and tepid demand.
The company blamed low oil prices and write-offs of its major projects for the loss recorded for the third quarter.
Experts say the reserve of 695 million barrels helps prevent volatility in crude oil markets and has a part in maintaining the global oil balance.
The Anglo-Dutch oil giant said it was ceasing construction at an oil sands project in Alberta, Canada, just weeks after it dropped its Arctic oil drilling plans.
The copper producer needs to sell a 10.6 percent stake in exchange for a mine-contract extension.
The British oil giant told investors it anticipates crude prices will reach $60 a barrel in 2017, but to raise prices, U.S. and global production will first need to drop.
Australia, the world's largest coal exporter, said it will not stop development of coal mines despite a call by prominent citizens to curb the country's role in global warming.
Duke Energy's move to buy a natural gas distributor for $4.9 billion arrives as electricity demand is softening thanks to energy efficiency.
Extreme heat waves more intense than anything ever on Earth will hit Abu Dhabi, Dubai, Doha and coastal cities in Iran starting in 2070 if climate trends continue.