Based on those numbers, C6-Zero would have produced 1,840 barrels of oil a day and more than 650,000 barrels a year. A standard barrel of oil is 42 gallons. The price of oil is notoriously volatile.

The United Nations said on Friday it had completed the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast, averting a potential environmental disaster.

The Transportation Safety Board finds that the train that exploded in downtown Lac-Mégantic was carrying a more volatile mix of highly flammable crude oil than offically declared.

Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.

With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil CLX23 are already trading above that milestone, highlighting an ...

That's because Marathon Oil has significant leverage to any upside in oil prices since it limits hedging. So a $1 per barrel change in WTI crude could add as much as $60 million to the company's ...

The incident occurred in Mokshi village, located in Savli taluka of Vadodara district, according to officials from the ...