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 ...

Escalating tensions between the US and Colombia could significantly impact coffee, flower, and other Colombian imports, ...

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.

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

Utilising the Geographic Information System (GIS) technology, the app enables users to pinpoint legal petrol pumps and ...