According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

Nearly the entire southern border of Iran is populated by oil and gas fields, many of which are jointly operated with allies ...

The US Strategic Petroleum Reserve's planned crude oil deliveries are delayed by seven months until December 2025 due to site ...

Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.

US reserves status quo: Gold, oil and the emerging role of Bitcoin . The US government has long relied on gold and oil as reserve assets, but with the growing institutional adoption of Bitcoin ...

The estimated $20 billion would only be enough to buy about 301 million barrels of U.S. crude at today's prices, and would bring the reserve to less than 700 million barrels.

ST PETERSBURG (Reuters) -U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil ...

Trump Puts Alaska Back on the Oil Map - The US Department of Interior has announced its plan this week to pursue the reopening of 82% of the National Petroleum Reserve-Alaska to leasing and energy ...

U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity ...

US Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.

The federal government has proposed removing restrictions on oil and gas development at a 23 million-acre natural reserve in Alaska. The Interior Department said Monday it is proposing to rescind ...

U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil producer Gazprom Neft said on ...