Crude oil purchases by Indian Oil Corp. may shift as the new US sanctions on Russia affect supplies from Moscow. The sanctions may impact daily flows of as much as 2 million barrels to India and ...

The weather bomb hitting the UK this week is expected to reduce wholesale energy costs. It will reverse a trend seen this week where milder, breezeless weather caused wind farm output to fall ...

The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes just two days after BP warned its fourth-quarter results for 2024 would be ...