The Latest Breaking News from Petroleum

Environmental disasters have plagued the water body for decades. Now the region is thrust in the global spotlight

Marathon Petroleum said a massive fire at its Louisiana refinery caused ‘no offsite impacts’. Reporting by the Guardian and Forensic Architecture raised doubts about this claim

Occidental Petroleum will release its fourth-quarter earnings next month, and analysts anticipate a double-digit profit dip.

Cryptocurrencies promise to be central to Donald Trump’s economic policies in his second term as US president. Arguably his most controversial proposal is the creation of a strategic bitcoin reserve (SBR). This would involve the US buying up large amounts of the cryptocurrency over the coming years to hold as…

Marathon Petroleum is set to unveil its fourth-quarter earnings in the upcoming month, due to the narrowing market crack spreads analysts expect a massive drop in earnings.

John Vaillant, the author of Fire Weather, explains why fires such as those in Los Angeles are different from those before

Rallying 72% in the new year to date, can this penny oil stock sustain its momentum?

South Sudan could resume oil production "as early as tomorrow" almost a year after fighting in neighbouring Sudan ruptured a key pipeline, the government said Tuesday.

The UK does not buy most of its oil from Norway, and arrangements for oil fields which span both countries’ territory are negotiated.