SOMO revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels ...

The China Petrochemical Corporation (Sinopec Group), the country's largest oil refiner, has announced the discovery of more than 140 million tonnes of proven shale oil reserve in east China's Shandong ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations. Biden and his ...

Some say this famous dictator could have died as the richest man in the world at the time ... possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude ...

Q&A with Mike Verney, executive vice-president, McDaniel & Associates By Deborah Jaremko New analysis commissioned by the ...

U.S. Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low ...

One June day in 1996, three years after he became prime minister, Jean Chrétien made his way to a recreation centre in Fort McMurray, now the gritty northern Alberta heart of the oil sector, sitting ...

The recoverable shale oil reserves in China, one of the world's major crude oil consumers, ranks third globally. Data from China's National Energy Administration shows that the country's crude oil ...