Gasoline prices—now well below an average of $3 per gallon nationally—and crude oil costs have plunged to their lowest levels ...

The Middle East’s Dubai oil benchmark is showing signs of worsening oversupply, adding to a slew of indicators pointing to a ...

After 15 years in limbo, the Sea Lion oil project reached FID on December 10, unlocking 315 Mbbls of recoverable oil and a 50 ...

Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on ...

Crude oil stocks, not including the SPR, stood at 425.7 million barrels on December 5, the EIA's latest weekly petroleum ...

Crude oil stocks, not including the SPR, stood at 425.7 million barrels on December 5, the EIA's latest weekly petroleum status report showed.

Russia’s refined petroleum product shipments saw a marginal decline in November as a significant plunge in Black Sea exports, ...

The Dangote Petroleum Refinery has received its second-ever crude cargo from Ghana. This move coincides with a sharp ...

U.S. oil production rose by 44,000 barrels per day to a record 13.84 million barrels per day in September, driven by a sharp ...

Nov 20 (Reuters) - India's crude oil imports rose nearly 9% in October to 20.28 million metric tons month-on-month, their highest level since April, government data showed on Thursday. India is the ...

For FY26, the country has projected its domestic petroleum product demand to reach a record 252.9 million tonnes. The country is the world's third-largest consumer and importer of crude oil.

Venezuela's bitumen-heavy oil is virtually identical to Canada's and the South American country has the largest proven ...