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

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

Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second ...

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 ...

Once a climate champion, Brazil's president, Luiz Inacio Lula da Silva, is pushing for more oil drilling, even as the country ...

EIA's delayed surplus forecast and uncertain oil market fundamentals point to potential price rally. Click to read why oil ...

According to the US Energy Information Administration (EIA), Iran holds 24% of the Middle East’s oil reserves and 12 ... outlook in the country. The world’s largest oil importer proposed ...

Some say this famous dictator could have died as the richest man in the world at the time. He amassed huge sums of money while ruling his country with an iron grip, but his reign eventually came to a ...

Beneath the terrains of Africa lies tremendous wealth, with a major country on the continent making moves to become its ...

BEIJING -- Sinopec, China's largest oil refiner, on Monday announced ... The recoverable shale oil reserves in China, one of the world's major crude oil consumers, ranks third globally.

Venezuela sits atop the world’s largest proven oil reserves and once used them to power Latin America’s strongest economy. But corruption, mismanagement and eventual U.S. economic sanctions ...