The U.S. military is weighing whether or not to station Marines and Navy personnel on commercial oil tankers traveling through the Strait of Hormuz, the Associated Press reported this week. The plan, ...

The United States held a record-high level of commercial crude oil inventories as of the week to June 19 following the collapse in demand in the lockdown and the slow demand recovery after lockdowns ...

Perhaps more so than any other industry, oil and its pricing volatility impacts all elements of the U.S. economy, both positively and negatively. Looking at it from a macroeconomic level, higher oil ...

Crude oil stocks, excluding the SPR, stood at 428.4 million barrels on November 22, according to the EIA. Image by Mst Khotaja Begum via iStock U.S. commercial crude oil inventories, excluding those ...

Pennsylvania is the birthplace of commercial oil production in the U.S.Edwin Drake drilled the first well specifically intended to produce oil in Titusville, which is in the northwestern part of the ...

JX Nippon Oil & Gas Exploration (Malaysia) Ltd., operator of Block SK10 offshore Sarawak, Malaysia, together with Petronas Carigali Sdn Bhd, reported the Dec. 3 start of commercial oil production from ...