The Valero oil company and Amports, owner of terminals that ship oil products, have agreed to pay $3.3 million to settle a ...

BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Buffett's biggest purchase last quarter was in Occidental Petroleum. Berkshire Hathaway owns a whopping 27.25% of ...

Even with renewable energy, a sizable gap remains to meet rising demand. Learn how natural gas will be central to powering ...

WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, ...

Gasoline prices in the U.S. are ultimately linked to the global Brent price of oil which is now caught in a tightening ...

One of the factors that has probably drawn Buffett to Occidental Petroleum is its premier position in the Permian Basin.

Global and U.S. oil demand growth next year will not meet prior forecasts due to weakening economic activity in China and ...

Mantashe said there was currently much interest in South Africa's petroleum exploration resources, and several exploration ...

Global oil demand likely to increase by 1.2 million bpd to 104.3 million bpd in 2025, lower than earlier forecast, EIA says ...

Crude oil inventories in the United States rose by a shocking 10.9 million barrels for the week ending October 4 ...