Chinese president Hu Jintao joined Uzbek president Islam Karimov, Kazakh president Nursultan Nazarbayev and Turkmen president Gurbanguly Berdymukhamedov in Samandepe on the Turkmen-Uzbek border to officially open an 1,800-kilometer gas pipeline.

Oil demand in the U.S. has already peaked, the national Energy Information Administration said this week, and will remain steady between now and 2035. Current American oil consumption is 19 million barrels per day. While the EIA expects total energy...

American oil giant ExxonMobil announced this week that it would pay $41 billion for natural gas producer XTO Energy, a move that will boost ExxonMobil's presence in the gas market. XTO, based in Fort Worth, Texas, has the rights to tap 45 trillion...

Iraq's weekend oil auctions were largely successful as oil companies from around the world expressed their interest in fields that could one day rival Saudi Arabia's. Iraqi oil minister Hussain al-Shahristani suggested in an interview with The Wall...

American oil and gas giant Chevron announced this week that it will cut its expenditures 5 percent next year, compared to 2009 figures. Nevertheless, the San Ramon, California-based company is still setting aside a sizable amount of cash for capital...