The world’s largest metamorphic rock oilfield has commenced production. The billion-tonne Phase I project of Bohai 26-6 started production on February 7, according to its developer, China National ...

The best-known example is the U.S. Strategic Petroleum Reserve, the world's largest supply of emergency crude oil, which was created by an act of Congress in 1975 after a 1973-74 Arab oil embargo ...

The United States is already the world’s largest producer of oil and natural gas ... according to the Federal Reserve Bank of Dallas. “It’s not a burdensome regulatory environment that ...

Stocks gained after Trump made comments advocating for lower oil prices and interest rates. In a video speech to the World Economic ... bracing for the Federal Reserve's policy meeting next ...

However, some oil stocks stand out as leaders in the sector. Data source: Company websites. ConocoPhillips is one of the largest E&P-focused companies in the world. It specializes in finding and ...

that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector. Bessent ...

The industry regulator announced on Thursday that Nigeria's oil reserves will increase in 2024. Meanwhile, crude oil production will surge 26% from April 2023 to late 2024 due to a decline in theft.

The oil giant BP is cutting thousands of jobs, the company announced on Thursday. In a statement sent to Business Insider, it said some 4,700 positions would be eliminated, while the number of ...

China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China Geological Survey said Wednesday.

WASHINGTON, Jan 15 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Wednesday vowed to ensure that the dollar remains the world's reserve ...

China announced a discovery of 427 million metric tons of oil reserve in the Sanmenxia Basin, setting an example for the oil and gas exploration of small and medium-sized basins nationwide ...