The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

Energy Secretary Chris Wright authorized the exchange "to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast," the department said. It added that ...

BP's second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output ...

Barrels of oil equivalent put those various hydrocarbons into one equivalent measure for the value of the energy they produce. One BOE is equivalent to 5.8 million British thermal units ...

The Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile.

The collapse in the price of oil has squeezed energy companies and countries that were betting on higher returns. Here’s what it costs on average to pump a barrel of oil in the 20 biggest oil ...

One barrel of crude oil generally has approximately the same energy content as 6,000 cubic feet of natural gas, so this quantity of natural gas is "equivalent" to one barrel of oil.