Smaller producers will likely pull back on activity if oil prices fall below $60 a barrel, Fred Forthuber, president of OXY ...

Oil prices rose 2% on Wednesday, as U.S. government data showed tighter-than-expected oil and fuel inventories, though ...

U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump's goal of refilling ...

Iraq supplied more than $400 million worth of oil exports to the United States in January 2025, according to the US Census ...

The EIA revealed that Iraq’s exports of crude oil and oil derivatives to the United Sates surpassed 95 million barrels in ...

A US-flagged oil tanker which burst into flames after being struck by a cargo ship was 'essential for US national security' and had been loaded with 142,000 barrels of jet fuel, it has emerged today.

Oil prices rose slightly on Wednesday, supported by a weaker dollar, which makes the commodity less expensive for overseas ...

BPCL, which operates three refineries with a combined processing capacity of 706,000 barrels per day, frequently sources ...

Engaging Articles of the Week Interesting and a bit sad data points: For a given quality, a barrel of oil is a barrel of oil.

By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels ...

Imperial Oil has consistently returned excess cash to shareholders through significant share buybacks. See why I rate IMO ...

Oil started the week under pressure as Saudi Arabia cut prices for April loadings, while poor China economic data weighed on ...