Crude oil prices have been on the rise ever since the Russo-Ukrainian crisis unfolded amid fears of supply shortages. Late Sunday, the WTI oil futures touched an intraday peak of $130.333, the ...

General Electric Co.'s oil and gas business has reached a deal to buy the well support division of John Wood Group PLC for around $2.8 billion, GE said in a statement issued Sunday.

The current global annual investment of around $500 billion into upstream oil and gas would be sufficient to meet peak oil demand in the 2030s, Wood Mackenzie said in a report, debunking the ...