The Kuwaiti crude oil price fell US$2.02 during Thursday's trading to hit US$77.42 per barrel (pb), compared with US$79.44 pb the day before, Kuwait Petroleum Corporation (KPC) said Friday.Brent ...

Drilling has commenced for a new group of ultra-deep oil and gas wells in the Taklimakan Desert, located in northwest China's Xinjiang Uygur Autonomous Region. This project signifies progress in China ...

The Middle East and North Africa region navigates the future of energy by balancing its traditional dominance in oil and gas ...

The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.