The U.S. Department of Energy has authorized the exchange of as many as 1M barrels from the Strategic Petroleum Reserve to ...

The EIA estimated U.S. crude oil production at 13.38 million barrels a day, down by 10,000 barrels a day. Crude imports rose by 366,000 barrels a day to 6.4 million barrels a day, and exports were up ...

Crude futures were lower for a third session in a row with the market refocusing on supply and demand balances after putting concerns about U.S. tariffs and Russia sanctions on hold.

The level of crude oil inventories can significantly influence the price of petroleum products, and by extension, can impact inflation. An increase in inventories typically suggests weaker demand and ...

Giant shovels, driverless trucks and a dog-like robot have all helped Canada's oil sands companies including Imperial Oil and ...

US crude inventories fell 3.9 million barrels last week, but conflicting data and builds in gasoline and distillates left markets rattled and oil prices falling.

The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

Editor’s Note: While the API initially reflected a huge crude build, Reuters data released shortly after painted a starkly different picture, indicating a U.S. crude inventory build of 800,000 barrels ...

Commercial crude oil stocks are seen unchanged at 426 million barrels in the week ended July 11, according to the average estimate of 10 analysts and traders. Six expect an increase and four predict a ...

Saying the first six months of the year have been active when it comes to oil prices may be an understatement.

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

This rebound in activity signals a robust operational phase for the country's refining sector, with further strength ...