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

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...

Oil prices fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, ...

Oil prices edged higher on Friday and were headed for a weekly gain on supply concerns, as the US imposes new sanctions on ...

U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4 per cent, to $70.60 per barrel. On a weekly basis, both Brent and WTI crude gained about 1.4 per cent. U.S. crude oil inventories ...

Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil barrels and 600 billion ...

ConocoPhillips has a very low cost of supply. The oil company can produce a lot of cash when crude oil is in the $70s. It increased its low-cost supplies by acquiring Marathon Oil. Oil prices have ...

U.S. light crude oil gained more than 2% a barrel on Friday after comments by U.S. Federal Reserve Chair Jerome Powell indicated the central bank was preparing to cut interest rates. Brent crude ...

There are 360 wells drawing from the middle Three Forks that have produced over 92 million barrels of oil and 238 billion cubic feet of gas — amounting to just under 2% of the total oil ...

U.S. benchmark West Texas Intermediate (WTI) crude oil prices topped $80 per barrel on Jan. 15 after closing out 2024 closer to $70 per barrel. Geopolitical policy is driving higher prices.

(Reuters) - Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up ...

Iran has shipped nearly 3 million barrels of oil from a storage site in China, people familiar with the matter said, in a bid to raise funds that could be used to shore up Iran’s allied militia ...