The oil giant has suffered several years of poor performance since embracing net zero in 2020 under its previous CEO, Bernard Looney. BP Chair Helge Lund plans to step down as the struggling oil ...

“That would be that if you buy oil from Russia, you can’t do business in the United States,” Trump said. “There will be a 25% tariff on all oil, a 25- to 50-point tariff on all oil.

Venezuela is boosting oil exports to China to the highest in almost two years as the Trump administration deploys sanctions and secondary tariffs to squeeze the Latin American nation. Shipments ...

ANKARA/BEIJING :Turkey said on Wednesday that Chery Automobile's partners will invest $1 billion in a manufacturing facility in the country with an annual capacity to produce 200,000 vehicles a year.

A ratcheting up of pressure on Iranian and Venezuelan crude exports saw bullish Brent oil options trade at the highest volumes since early January. Trump’s aggressive trade policies have ...

Designating the refiner, Shandong Shouguang Luqing Petrochemical Co., is the first real proof that “maximum pressure” sanctions are on their way back. That’s because the Iranian oil-export ...