The Latest Breaking News from Petroleum

The UK government will soon face a momentous decision over whether to approve production in the Rosebank oilfield off the coast of Shetland.

As the United States draws oil inventory by the largest amount since December 2024, there could be bottlenecks sending oil prices higher.

Estimated 16,000 litres of petroleum products spilled into Indian ocean on 8 May during decommissioning works at Griffin field

Marathon Petroleum has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

President Trump and OPEC both want increased oil production, but there could be a solution to their difference on opinion on prices.

House Republicans plan to rescind unspent funds from the 2022 climate law and boost the Strategic Petroleum Reserve in reconciliation.

Occidental Petroleum is overcoming obstacles and effectively reducing costs. The margin is widening, and cash flow sustains a robust outlook for shareholders.

More than 90% of paved roads in the U.S. are made of asphalt, which is constructed with nonrenewable materials such as petroleum. One way to make paving more sustainable is to recycle old pavement. When roads break down and need repaving, transportation agencies can recycle their old pavement into a…

A favorite of the Oracle of Omaha in recent years, murmurs are getting stronger of a buyout of the company by the legendary investor.