Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...

The new Petroleum and Petrochemical Law, approved by the Council of Ministers on Jan. 7, requires obtaining a license to practice any petroleum or petrochemical operations. It is also mandatory to ...

India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the ...

When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with ...

The American Petroleum Institute's chief executive spoke about fuel costs as well as artificial intelligence at a conference ...

Egyptian President Abdel Fattah al-Sisi said on Wednesday that the state needs $20 billion annually to secure petroleum ...

Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read ...

The US Strategic Petroleum Reserve (SPR) is a stockpile of crude owned by the US government. It provides a back-up supply of crude oil if the commercial oil supply is disrupted.

Petroleum Alliance of Oklahoma President Brook Simmons thinks the energy industry has transitioned from four years of stiff ...

Buffett's investments in Occidental Petroleum reflect confidence in its intrinsic value. Read why this does not seem a good ...

The official Umm Al-Qura newspaper published on Friday the details of the new Petroleum and Petrochemical Law, which was ...

Houston-based startup Panthers Petroleum acquired 23 gas stations with convenience stores in 2024 and plans to grow to over ...