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.

President Donald Trump has threatened tariffs against Colombia amid a deportation fight. Here's a look at what could see price increases.

The most recent trading session ended with Occidental Petroleum (OXY) standing at $49.56, reflecting a +0.55% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 1.

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

When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with profits. That's bad for investors.

Indian Oil Corp (IOC) , the country's top refiner, reported a smaller-than-expected third-quarter profit on Monday, hurt by lower marketing margins and losses in its liquefied petroleum gas (LPG) segment.

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,

Leste's government passed a 2025 budget that accelerates the country’s rush towards a fiscal cliff instead of mitigating it. The economy relies heavily on an unsustainable withdrawal rate from the Petroleum Fund which is on track for depletion.

Gas prices in South Carolina have risen for the second week in a row, with prices now averaging$2.83 per gallon, according toGasBuddy's survey of 3,028 statio

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

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.

2024 was a bummer year for Occidental Petroleum (NYSE: OXY) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was ...