In the 1920s, oil was becoming a hot commodity in Texas. The success of the Spindletop oil well in Beaumont in 1901 had set ...

U.S. crude oil inventories increased for a third consecutive week while gasoline stocks declined for the first time in three ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

Mexico plans to boost its crude oil reserves to ensure it has enough for at least a decade of consumption, the chief executive officer of state energy company Pemex, Victor Rodriguez, said on ...

Days before he ordered, and then paused, new tariffs on U.S. imports from Canada and Mexico, President Donald Trump argued that the U.S. does not need imported products such as crude oil and lumber ...

Uganda's plan to begin oil production this year has been postponed, according to a government spokesperson's statement on ...

Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

On January 10 and January 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping ...

Nigeria spends not less than N1.57tn on crude oil production monthly, translating to about N18tn annually, a development which industry operators described as too high, The PUNCH reports.Data ...

China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...