The Latest Breaking News from Petroleum

After declining in 2023, crude oil prices rallied in Q1 2024 and have edged even higher in the early days of Q2. Crude oil remains the energy commodity that powers the world, and the price prospects over the coming months will remain bullish as markets reflect the economic and geopolitical…

The administration said it will restrict new oil and gas leasing on 13 million acres in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm.

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration.

CBI has registered a case against two HPCL Assistant Managers (Operations) posted at its Mathura Terminal in Uttar Pradesh, two private companies for alleged pilferage of petroleum products.

India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption.

South Korea's consumer prices rose by 3.1% in March, driven by higher costs for agricultural and petroleum products. Experts predict a slowdown in inflatio...

The top financial services firm has turned "Overweight" on the energy sector. Here are its 4 top picks.

Growing demand for oil and gas worldwide and integration of advanced technologies and data-driven solutions position the energy sector for long-term growth. Thus, investors could consider adding fundamentally strong energy stocks NewMarket (NEU), Oceaneering International (OII), and Superior Drilling Products (SDPI) to strengthen their portfolio. Read on.

Amid increasing oil and gas demands, worsening geopolitical landscape, supply constraints, and surging oil prices, the energy sector is poised to witness stable growth in the near term. Against this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), DNOW Inc. (DNOW), and Matrix Service Company (MTRX) could be solid buys…