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.

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 ...

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.

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 ...

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 ...

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.

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

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.

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 ...

ABC News business reporter Alexis Christoforous has the latest business headlines, including Occidental Petroleum’s deal to buy energy producer Crown Rock. December 11, 2023.

As we go along we will see what can be done, says Hardeep Singh Puri on reducing petroleum prices Modi govt has ensured that there is no rise in oil prices since April 22, the BJP leader said and ...