The Philippines plans to set up a strategic reserve for crude oil, petroleum products and biofuels.

Mercedes-Benz has joined TotalEnergies in European battery venture Automotive Cells Company.

Finland's Neste is ramping up its biofuels production in anticipation of a surge in global demand for renewable fuels and chemicals.

Natural gas bears found a $5 handle for winter supply stickier than they might have expected.

This week's oil price rally caught speculators by surprise, forcing them to reverse their bets on lower prices.

UK services company Petrofac said it has reached a plea agreement on UK charges of using agents to pay bribes.

The front-month November contract for ICE Brent jumped 84¢ to $78.09/bbl, while WTI climbed 68¢ to $73.98/bbl.

Carbon capture proponents are wary that the Democrats' bill could also pose new obstacles for the technology.

Competition is heating up in the race to buy Occidental Petroleum's deepwater assets in Ghana.

PetroChina and Hengli Petrochemical have emerged as the successful bidders in China's first official oil auction.