LONDON (Dow Jones)–Two oil tankers have been booked for use as floating storage vessels off the U.S. Gulf Coast this month, shipping brokers told Dow Jones Newswires Monday. The use...

WASHINGTON -(Dow Jones)- The U.S. government on Thursday said it would release 30 million barrels of oil from its strategic petroleum reserves as part of an effort to offset disruptions...

HOUSTON (Dow Jones)–Oil and natural-gas companies are spending more than half a trillion dollars in the oil patch during 2011–a record level that signals the return of the global drilling...

“The United States consumes more than 20,000,000 barrels of oil per day but has less than 2 percent of the world’s remaining oil” This map, produced by BP’s Statistical Review...