Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...

The new Petroleum and Petrochemical Law, approved by the Council of Ministers on Jan. 7, requires obtaining a license to practice any petroleum or petrochemical operations. It is also mandatory to ...

When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with ...

India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the ...

Egyptian President Abdel Fattah al-Sisi said on Wednesday that the state needs $20 billion annually to secure petroleum ...

The American Petroleum Institute's chief executive spoke about fuel costs as well as artificial intelligence at a conference ...

Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read ...

The US Strategic Petroleum Reserve (SPR) is a stockpile of crude owned by the US government. It provides a back-up supply of crude oil if the commercial oil supply is disrupted.

The official Umm Al-Qura newspaper published on Friday the details of the new Petroleum and Petrochemical Law, which was ...

2024 was a bummer year for Occidental Petroleum (NYSE: OXY) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was ...

The rise in Human-Elephant Conflicts may be attributed to factors unrelated to oil and gas activities, such as increased ...