Research in Brazil for possible oil reserves near the mouth of the Amazon river has to go ahead but any discoveries should ...

President Trump and OPEC both want increased oil production, but there could be a solution to their difference on opinion on ...

The US House of Representatives has proposed a $1.5 billion allocation to replenish the Strategic Petroleum Reserve (SPR), the world's largest emergency crude oil stockpile. This move follows record ...

Part 1 of this two-part series covered the amount of oil reserves we have, with some estimates of how long it will last. This ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations. Biden and his ...

since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result, the price of oil has a strong influence on international economic development ...

Biden orders release of 1 million barrels oil a day from strategic reserve to hit brakes on gas prices President Joe Biden is ordering the release of 1 million barrels of oil per day from the ...

The outer continental shelf of the Gulf of Mexico hosts a greater amount of estimated oil and gas reserves than previously ...

(1) "Gross Reserves" are the Company's working interest reserves before the deduction of royalties. (2) "Net Reserves" are the Company's working interest reserves after deductions of royalty ...

National Oil Companies control the majority of global oil reserves and production, making them central figures in the current energy landscape. While these companies have grown significantly in ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Pakistan has recorded the first substantial increase in its domestic oil ...

India’s oil marketing companies on May 9 urged consumers against panic buying, assuring of sufficient fuel stocks to meet ...