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.

Grassroots to BP CEO Tony Hayward: To go beyond petroleum, let's get you an electric car. BP CEO Tony Hayward isn’t exactly the most popular businessman in the world these days.

Accordingly, the exemption sought was on exclusivity aspects of the commercial agreement to supply 100% demand of imported products for GO Petroleum’s retail outlets.

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 ...

The modern petroleum industry has a long, 100-plus-year history of serving mankind. In the early 1900s it fueled the Industrial Revolution that gave us automobiles and steel.

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.

We recently published a list of Jim Cramer Discussed These 9 Stocks Recently. In this article, we are going to take a look at where Occidental Petroleum Corporation (NYSE:OXY) stands against other ...

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

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 ...

Copenhagen must go beyond petroleum There will be little celebration in the oil and gas sector if Copenhagen turns out to be a damp squib in terms of legally binding emissions targets.

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 ...