The Latest Breaking News from Petroleum

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Nearby NYMEX crude oil prices reached a 2024 high in mid-April. After falling to an early June low, prices recovered to a lower high in early July, where they ran out of upside steam. As the fall and winter approach, crude oil is trending lower, but the upcoming U.S. election…

Executive was previously with the American Petroleum Institute

As it rapidly adopts clean technologies while drilling furiously for oil and gas, the Nordic nation is a paradox

Marathon Petroleum is all set to announce its second-quarter results next month, and analysts forecast a double-digit decline in the company’s bottom-line figure.

Occidental Petroleum is expected to release its fiscal second-quarter earnings next month, and analysts project a double-digit profit increase.

A putrid smell hangs over the black-stained shores of Lake Maracaibo in Venezuela, where an oil slick is emblematic of the steep decline in the country's once-enviable petroleum industry.

Marathon Petroleum predecessor warned of potential for ‘social and economic calamities’ in decades-old publication

Papua New Guinea’s sidelined Petroleum Minister, Jimmy Maladina, will appear in a Sydney court in March to fight a charge of assaulting a woman during a domestic dispute