OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s “drill,

Exxon Mobil's Upstream Company President Liam Mallon predicted oil and gas companies won't immediately embrace increased output.

The package would approve export permits for new LNG projects and increase oil drilling off the U.S. coast and on federal lands.

Crude oil futures fell sharply, as growing likelihood of ceasefire deal between Israel and Hezbollah in Lebanon lowers risk of broader Middle East war that could impact global oil supplies.

Donald Trump's transition team is preparing a wide-ranging energy package that will be presented within days of his inauguration. The package will include approval of export permits for new liquefied natural gas (LNG) production projects and an increase in the volume of oil drilling off the US coast and on federal lands,

US President-elect Trump is putting together an energy package that would be rolled out within days of his taking office, Reuters reported.

Trump is planning a suite of actions to give fossil fuels a big boost right from the jump when he takes office, Reuters’ Jarrett Renshaw scooped. The package coming as soon as Day One would include the green light for new and pending liquefied natural gas export permits,