South Korea's smallest oil refiner Hyundai Oilbank will export more than 3.6 million barrels of gasoline and diesel to the US next year, extending a term contract with US petroleum product distributer, Sunoco,

German oil and gas producer Wintershall Dea has joined the Poseidon carbon capture and storage project in the UK, the company said in a statement Nov. 14. The project, which it is estimated

The EU will need to have a "big buffer" of gas in storage at the end of the current winter to help prepare for the following winter, a senior European Commission official said

Saudi Aramco, the world's biggest oil company, has started producing tight gas from the South Ghawar formation two months ahead of schedule, its second production of unconventional gas after the delivery from the

ExxonMobil started production Nov. 14 at the Payara field offshore Guyana, setting the country's total output to 620,000 b/d, the company said. ExxonMobil, the operator on the Stabroek Block, said the Prosperity floating

National and international climate goals are way off track and require leaders to make bold decisions at the global climate summit in Dubai to bend the world's emissions curve, the UN said Nov.

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China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. 

The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates.

Japan's economy shrank in the July-September period for the first time in four quarters, provisional government data showed Wednesday.