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

Quite a few insiders have dramatically grown their holdings in International Petroleum Corporation ( TSE:IPCO ) ...

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 ...

A mega fund for energy transition in the crude oil sector, earlier promised and subsequently scrapped, is not expected to ...

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

Markets are being sent lower as traders wait to see the impact of Trump's pro-energy policies. The newly inaugurated president has signed executive orders aimed at boosting U.S. production and has ...

LAWMEN have arrested seven people and seized some P288,000 worth of smuggled petroleum products in a law enforcement ...

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 ...

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 ...