Brent crude oil is currently priced at $72.14 per barrel, showing a slight increase of $0.17 (+0.24%) for the day. However, behind this small rise is a much larger story unfolding in the oil markets.

NEW YORK, Sept 13 (Reuters) - Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count.

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. When you’re a ...

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets ...

Her expertise is in personal finance and investing, and real estate. Crude oil options are the most widely traded energy derivatives on the New York Mercantile Exchange (NYMEX), which is one of ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil-rich nations are making a concerted effort to slow progress on a landmark UN climate agreement to end ...

Coelacanths are deep-sea fish that live off the coasts of southern Africa and Indonesia and can reach up to two metres in length. For a long time, scientists believed they were extinct.

The descent that saw prices for Brent crude drop below US$70 for the first time in three years was driven mainly by concerns about demand after the world’s top two oil consumers, China and the United ...

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 ...

Climate change and asteroids are linked with animal origin and extinction—and plate tectonics also seems to play a key evolutionary role, "groundbreaking" new fossil research reveals. The ...

A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the International Energy Agency said.

Shares of state-owned oil and gas heavyweights Oil India and ONGC have witnessed sustained selling in the recent past, in sync with BSE Oil & Gas Index, amid sharp decline in crude oil prices. Though ...