Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the ...

Indonesia will build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 ...

U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity, Bloomberg writes.

Crude oil futures extended their recent slide in the wake of bearish signals led by OPEC's decision to bringing back withheld ...

The American Petroleum Institute reportedly shows a build of 4.27M barrels of oil in U.S. commercial stockpiles for the week ending March 7. Gasoline inventories reportedly show a draw of 4.56M ...

Oil prices were rising, with Brent crude advancing 0.4% to $74.36 a barrel and WTI up 0.2% at $70.85 a barrel. Crude has fluctuated in the mid-$70s for Brent and low $70s for WTI over the past week, ...

Oil prices edged up to a two-week high on Tuesday as sanctions raised concerns about Russian and Iranian oil supplies and on rising Middle East tensions, outweighing worries that trade tariffs would ...

JAKARTA, March 11 (Xinhua) -- Indonesia plans to expand its crude oil refinery capacity to 1 million barrels per day across 16 locations, a significant increase from the previously planned 500,000 ...