India’s state-run refiners Indian Oil Corp. and Bharat Petroleum Corp. have bought Russian crude for January delivery, lured ...

Marathon Petroleum's profit outlook is waning as refinery spreads fall dramatically on higher oil prices and lower gasoline demand. The recent oil "crack spread" crash threatens to erase most of ...

Lower oil prices come with a catch for Trump. If they decline too much, crude extraction could become uneconomical in the US, ...

Looking ahead, Occidental Petroleum Corporation (NYSE:OXY) aims to maintain its emphasis on debt reduction, hoping to cut its ...

The president’s energy strategy is projected to generate more pollution, but so far production has not risen significantly ...

Through careful selection of assets and projects, Occidental has become a low-cost leader in the energy sector. Occidental is ...

WASHINGTON — On Tuesday, the White House announced that a group of countries agreed to release 60 million barrels of crude oil from their combined reserves; half will be contributed from the United ...

WASHINGTON — The U.S. House of Representatives passed legislation Thursday from Ohio’s Rep. Bob Latta to commission a study ...

International petroleum agreements (IPAs) have structures that are well-established yet strongly influenced by changes in political relationships and markets. The large swings of oil prices in recent ...

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