Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right now, it has more than half of that. The reserve, which former President Gerald Ford established in 1975, is spread across four sites in Texas and Louisiana.

Rescue officials say a truck carrying liquified petroleum gas caught fire and exploded overnight in central Pakistan, killing five people and injuring more than two dozen others

Occidental Petroleum (OXY) is expected to raise its dividend next month, with earnings results on Feb. 19. Based on its average yield over the last two years, an 8% dividend hike could push OXY stock up by over 22%.

In case there was any doubt, President Donald Trump made it clear in his inauguration speech that during his second term "we will drill, baby, drill."

Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read more on OXY stock here.

India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the company said in a exchange filing on Wednesday. BPCL's exploration unit, Bharat PetroResources,

This would involve the movement of millions of Lubricant SKUs across the country, with the help of Delhivery’s robust Part Truck Load (PTL) logistics infrastructure.

Egyptian President Abdel Fattah al-Sisi said on Wednesday that the state needs $20 billion annually to secure petroleum products, according to a video provided by Sisi's office.

The company is looking for candidates with previous sales and marketing experience in shipping or oil and gas.

Hindustan Petroleum Corporation (HPCL) has partnered with Delhivery to manage nationwide distribution of HPCL's branded lubricants, known as HP Lubricants, to its various stakeholders.

Southeastern c-store and travel center operator LV Petroleum has acquired two travel centers from Wilmoth Oil Company, according to an announcement from M&A advisor Downstream Energy Group.

The official Umm Al-Qura newspaper published on Friday the details of the new Petroleum and Petrochemical Law, which was recently approved by the Cabi