British oil giant Shell is denying reports that it is in talks to buy rival BP. The Wall Street Journal on Wednesday said Shell was holding “early stage talks," to acquire its smaller rival ...

The PNG Customs Service (PNGCS) recently conducted a series of monitoring visits to three oil facilities across Papua New Guinea in an effort to strengthen excise administration.

U.S. and global oil benchmark prices opened up 4% Sunday evening, underscoring the concerns about what the conflict means for the world’s oil supplies.

The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill.