The initial tests of the two wells showed a promising natural flow estimated at a combined daily production rate of about ...

WASHINGTON — On Tuesday, the White House announced that a group of countries agreed to release 60 million barrels of crude oil from their combined reserves; half will be contributed from the United ...

Suriname’s long-awaited offshore oil boom, anchored by TotalEnergies’ GranMorgu project, promises economic relief but faces ...

International petroleum agreements (IPAs) have structures that are well-established yet strongly influenced by changes in political relationships and markets. The large swings of oil prices in recent ...

The U.S. is the most fully developed petroleum transport nation – we have crude oil, natural gas, gasoline, and diesel and jet fuel in transit 24/7/365 – mostly in pipelines. Lives lost are rare and ...

President Joe Biden announced the first major release from the Strategic Petroleum Reserve (SPR) on Nov. 23, 2021. He said the recovery from the coronavirus pandemic was increasing demand for gasoline ...

WASHINGTON, May 7 (Reuters) - A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the ...

In recent weeks, people all over the world and certainly in the U.S. have felt the supply shock of oil disruptions. Gasoline prices have reached levels unseen in the U.S. since 2014, with the ...

Among those with a balanced view on the stock is Mizuho, which raised its price target on Marathon Petroleum Corporation ...

Energy is the lifeblood of modern society, powering everything from our daily commutes to the global economy. As an energy and petroleum engineering student, you'll play a vital role in shaping the ...