Crude oil prices ticked higher…
The recent ban on Russian…
A U.S.-based biotechnology firm is…
Texas, as hurricane Harvey caused flooding and extreme weather, Reuters reported, citing sources familiar with the refinery operations. Exxon shut the 240,000-bpd Crude B unit, and the 45,000-bpd coking…
Amid the shutdown of 20 percent of U.S. refining capacity caused by Hurricane Harvey and the pending shutdown of more refineries as the storm moves on to Louisiana, the…
Recent disruptions of oil production in Libya have cost the country 350,000 barrels daily in lost output, the central bank of the country said, adding that the effects of…
Crude oil prices are taking a serious hit from Hurricane Harvey, slammed on multiple fronts at a time when benchmark prices were already showing some signs of strain. As has…
After years of steady decline in production and bottomed-out oil prices, Alaska is in a rough spot. They’re over a billion dollars in debt, in large part thanks to unfulfilled…
When the Wall Street Journal last week reported that Chevron’s chief executive John Watson would step down, the most likely replacement as a “new leadership for a changing oil…
Key oil ports and refineries have been disrupted along the Texas coast as Hurricane Harvey devastated the region. (Click to enlarge)
Oil prices are poised to climb over the coming weeks as supply and demand approach parity, according to analysts who spoke to CNBC as the remnants of Hurricane Harvey…
A bombing of the Cano Limon oil pipeline in Colombia has led to the suspension of crude flow, sources from Ecopetrol and Colombia’s army told Reuters. Leftist militant group…
China has become the world’s third-largest shale gas producer, after only the U.S. and Canada, Iran’s PressTV reports, adding that last year, China pumped almost 8 billion cubic meters…
The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets.…
While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that…
Libya’s largest oilfield, Sharara, has not pumped new oil for a week as of Sunday, according to news emerging from the area. World Oil reports that an attack…
Oil markets were roiled, sending gasoline prices surging on Monday after Tropical Storm Harvey wreaked havoc along the Gulf Coast over the weekend, crippling Houston and its port, and knocking…
As the market price for oil fell way below $50 in New York and hangs around $52 in London, there’s a much more important oil-price bellwether that’s being ignored. It’s…
China has approved the merger between its biggest coal producer Shenhua Group Corp, and one of the top five state power companies, China Guodian Corp, in a deal that…
A blockade of pipelines at the hands of armed militants has shut down production at three Libyan oil fields, including the biggest one, Sharara. Sharara stopped pumping oil…
Gasoline prices hit two-year highs today in electronic trade after Hurricane Harvey, which reached the Texas coast last Friday, caused the shutdown of a number of refineries. Gasoline was…
“For now at least, it has become hard to risk capital on the price of oil with as much conviction as in the past.”—Andy Hall, famed oil trader, on shuttering…
For oil prices to rise, demand must increase. That’s the gist of a new article from Forbes’ contributor Jude Clemente. Strong demand from East Asia may be weakening, as…