The transaction is subject to regulatory and government approvals and is set to close during the latter half of 2026.

The transaction forms part of the British oil major's $20 billion divestment plan aimed at cutting debt and boosting returns.

Here's what to know about the Strait of Hormuz, its grave and far-reaching importance, and the threat to the global economy ...

Explore the top companies owned by BP, including key subsidiaries and business segments, and learn how they contribute to its ...

ONGC and Oil India shares have surged this year, outperforming the Nifty Oil & Gas index despite a sector-wide decline.

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The largest oil producers in the Middle East Gulf have deepened production ...

Indian refiners have bought about 30 million barrels of Russian oil since the US provided a green light for purchases to help the country cope with a shortfall of Middle Eastern supply, according to ...

Oil (CL1:COM) prices observed a historic swing on Monday, underscoring the extreme volatility gripping energy markets amid fast-changing developments tied to the escalating U.S.–Iran conflict. Crude ...

Market Surge: Crude oil topped $100 per barrel after Israeli missiles hit four Iranian oil facilities. Local Impact: Georgia gas prices jumped to an average of $3.23, a 48-cent increase since the ...

Shares of state-run oil marketing companies declined sharply as global crude prices surged, raising concerns about pressure on their margins.

The Centre on Saturday said that India continues to buy crude oil from any source offering the most competitive prices, as tensions prevail along the Strait of Hormuz route because of the ...