Releases from the strategic petroleum reserve have “reduced oil prices by an estimated close to $10 per barrel, which translates into a saving of about 40 cents per gallon,” Zandi told ABC News.

Under the referred agreement, ATC Fujairah intends to meet GO Petroleum’s demand for essential petroleum products for its outlets, which primarily includes gasoline and diesel.

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Fuel firms usually announce final price adjustments every Monday, to be implemented on the following day.

The Goenergy Company Limited (Goenergy) subsidiary of Ghana Oil Company Limited (GOIL) has deflated cartels in the downstream petroleum sector saving the country from artificial fuel shortages. Ghana ...

RFK Jr. reveals plan to phase out petroleum-based food dyes by end of 2026 The eight petroleum-based dyes are found in thousands of products from candy to cereal to medication. April 22, 2025 ...

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.

The ongoing fuel scarcity across the country may worsen in Lagos and neighbouring states, as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), at the weekend, threatened to shut ...

DETROIT, Sept. 4, 2024 /PRNewswire/ -- Members of Teamsters Local 283 will go on strike at Marathon Petroleum's Detroit Refinery today, September 4 following several months of negotiations and ...

Saudi Aramco also holds a 40% stake in GO Pakistan, which operates a network of retail outlets across the country that sell petrol, diesel, and lubricants. Under the referred agreement, ATC Fujairah ...

BP tipped its hat most notably towards something different with its commitment to go “beyond petroleum” but has since shut down the independent headquarters of its alternative energy division ...