Uganda National Oil Company (UNOC) confirmed it has identified nine potential oil wells in the Kasuruban block containing ...

A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations ...

The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes. The International Energy Agency reduced ...

Crude oil inventories in the United States increased by 7.7 million barrels during the week ending July 25, according to new data from the U.S. Energy Information Administration (EIA) released on ...

Crude oil prices have surged in the wake of sweeping sanctions on Russia's energy sector by President Joe Biden's administration. Newsweek has contacted the White House and President-elect Donald ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” When thinking about ...

In Colorado’s Parachute Canyon not far from Grand Junction, the seed of an oil revolution was planted. Union Oil Co. of California last week fired up a $7,000,000 prototype retort to produce oil from ...

HOUSTON, Aug 1 (Reuters) - Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries ...

U.S. oil prices retreated below $60 a barrel Wednesday, closing at their lowest level in three weeks. Front-month crude ...