Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

U.S. crude oil inventories fell unexpectedly last week as exports increased and refineries raised their capacity use, ...

Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.76 million barrels in the week ending April 25, after analysts had estimated a much smaller ...

U.S. crude oil production has surged to 13.5 million barrels per day, adding significant supply to the global market. Since 2005, when Chinese growth peaks, crude oil prices often peak about a ...

Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russia’s oil trade and ...

Ever wondered where the gasoline that powers your car actually comes from? That shiny liquid fueling engines and driving the world’s transportation has a fascinating origin that goes back millions of ...

After failing to reclaim the 20-Day MA, crude oil broke down from consolidation, with further weakness likely below key levels at $60.27 and $58.86. The counter trend rally in the price of crude ...

Crude oil futures traded lower on Wednesday morning after China posted weak manufacturing data for April. At 9.58 am on Wednesday, July Brent oil futures were at $62.53, down by 1.19 per cent ...

The price of WTI Crude oil is around $57.70, and Brent is at $60.69. Experts warn of further declines due to escalating trade tensions.(Photo: Bloomberg) Both benchmarks have tumbled over the five ...