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 ...

Kenyan government has more than doubled funding to KSh 1.67 billion for the Turkana oil project in the 2025/26 budget, aiming ...

(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 ...

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

U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to ...

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

Indeed, prices are now low enough that, on average, U.S. producers cannot profitably drill new wells, according to the latest ...

PETALING JAYA: Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped ...

According to preliminary data from Rosnedra in 2024, this is 63.5 trillion cubic meters. The country ranks fifth in terms of oil reserves, with 31.4 billion tons in total. The largest Russian gas ...