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Crude oil stocks, not including the SPR, stood at 423.8 million barrels on January 31, according to the EIA. Image by Stewart Watson via iStock U.S. commercial crude oil inventories, excluding ...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil daily. The crude oil alleged to have been diverted ...

In addition to the rare Murban cargo, which totaled 2 million barrels, Indian Oil Corp. also bought 3 million barrels of Nigerian crude, a million barrels of Gabonese crude, and a cargo of Angolan ...

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending January 3 to the week ending January 10 ...

1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.69 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 523.01 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.45 ...

Early in the year, oil prices surged as OPEC+ announced production cuts of 1.66 million barrels per day (bpd), aiming to stabilize prices amid economic uncertainty. However, by the third quarter ...

DUBAI, Jan 20 (Reuters) - Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil ...

OLIVER BUNIC/AFP via Getty Images On Monday, Brent crude—the benchmark used for the light oil market in Europe, Africa and the Middle East—rose above $80 a barrel to its highest in more than ...

has made a new oil discovery in central Iraq, with potential reserves of 2 billion barrels, multiple media reports have claimed. MOC told local media that a "significant oil reservoir" has been ...

The cap is a ground-breaking initiative introduced by G7 allies in late 2022 to limit the seaborne trade of Russian crude oil at $60 per barrel. The mechanism prohibits Western companies from ...

US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand, according to the US Energy Information Administration. The agency said US gasoline prices ...