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

In case there was any doubt, President Donald Trump made it clear in his inauguration speech that during his second term "we ...

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

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 ...

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

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.

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

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

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

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

Southeastern c-store and travel center operator LV Petroleum has acquired two travel centers from Wilmoth Oil Company, ...