The Latest Breaking News from Petroleum

Russia's illicit petroleum shipments to North Korea prompt U.S. sanctions amid escalating tensions.

The White House says Russia is shipping refined petroleum to North Korea at levels that exceed U.N. Security Council limits

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.

Environmentalists celebrate new rules but Alaska politicians call it an ‘illegal’ attack on state’s livelihood and predict lawsuits

Biden administration restricts oil and gas leasing in Alaska to protect wildlife and combat climate change, facing opposition from Republican lawmakers.

Geopolitical tensions and a potential disruption in supply are boosting the energy sector’s prospects. However, a slowdown in the global economy and a delay in interest rate cuts pose demand concerns for the sector. Let's analyze the investment prospects of Occidental Petroleum (OXY) and Exxon Mobil (XOM).

PFAS do not break down but rather persist indefinitely. It is possible that Dad drank carcinogenic water for most of his life.

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.