Crude and gasoline inventories saw moderate increases while middle distillate inventories saw a strong draw last week
Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right now, it has more than half of that. The reserve, which former President Gerald Ford established in 1975, is spread across four sites in Texas and Louisiana.
The program, Project CAR, works with local garages in Minnesota to repair damaged exhaust systems at no cost to vehicle owners.
President Donald Trump has threatened tariffs against Colombia amid a deportation fight. Here's a look at what could see price increases.
U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing crude
Occidental Petroleum (OXY) is expected to raise its dividend next month, with earnings results on Feb. 19. Based on its average yield over the last two years, an 8% dividend hike could push OXY stock up by over 22%.
When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with profits. That's bad for investors.
Rescue officials say a truck carrying liquified petroleum gas caught fire and exploded overnight in central Pakistan, killing five people and injuring more than two dozen others
OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same as the 2025 estimate at 1.4 Mb/d, this month is the first estimate for 2026 demand growth and non-DOC supply growth.
India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the company said in a exchange filing on Wednesday. BPCL's exploration unit, Bharat PetroResources,
Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read more on OXY stock here.
Egyptian President Abdel Fattah al-Sisi said on Wednesday that the state needs $20 billion annually to secure petroleum products, according to a video provided by Sisi's office.