Broken pumps, rusted pipes, ghost towns mark Venezuela's once vibrant oil hub. It will cost billions to restore the industry.
Marathon Petroleum benefits from geopolitical uncertainty and high oil prices but faces political risks and declining margins due to current oil price weakness. Despite strong financials and ...
President Donald Trump pledged to replenish the nation’s Strategic Petroleum Reserve after the Biden administration sold nearly 200 million barrels of its stock — but that won’t be as simple as buying ...
Occidental Petroleum has continued to redeem Berkshire's preferred stock investment. The redemptions will save the oil company money over the long term. It can use that cash to create value for its ...
WASHINGTON, May 7 (Reuters) - A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the ...
Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This article is more than 2 years old. CRANE, TEXAS - MARCH 12: ...
Almost every day, an oil tanker arrives off the coast of Guyana to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable ...
The petroleum business is an odd one, with strange cycles of boom and bust. President Donald Trump wants to pump things up, figuratively and literally, by declaring a national energy emergency. He ...
Oxy’s stock plunged more than 40% over the past 12 months. Declining crude oil prices throttled its revenue growth and crushed its margins. Tariffs, trade wars, and the intentional overproduction of ...
According to the U.S. Energy Information Administration’s (EIA) latest weekly petroleum status report, which was released on August 27 and included data for the week ending August 22, there were 404.2 ...