The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought and delivered for the strategic ...

The Department of Energy on Friday said it bought 2.4 million barrels of oil for the nation’s Strategic Petroleum Reserve, ...

The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through ...

Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...

The Energy Department issued a new call to buy oil for the Strategic Petroleum Reserve as prices fall further from its $79 a barrel target acquisition price. The DOE said Monday it will take bids ...

The Federal Government has revealed an ambitious plan to increase Nigeria’s crude oil production by one million barrels per day ... including ExxonMobil’s sale of Mobil Producing Nigeria ...

The U.S. and European naval presence in the Persian Gulf could quickly counter any blockade attempt, which would disrupt over 21 million barrels per day of oil flow. President Donald Trump is ...

is the latest step in bringing oil back to the reserve after its biggest sale ever in 2022 of 180 million barrels. President Joe Biden had ordered that sale after gasoline prices spiked following ...