Oil and gas production was one of the fastest-growing industries in the United States between 2009 and 2014 according to the U.S. Bureau of Economic Analysis (BEA). Oil production increased Continue Reading
Exxon Mobil ( XOM.N ) will shut the smaller of two crude units at its 350,000 barrel-per-day Beaumont, Texas refinery in the second half of April for up to 90 Continue Reading
Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen — the thick, sticky Continue Reading
The ink is barely dry on legislation to lift a 40-year-old ban on exporting U.S. crude and energy companies already are jockeying to ship American oil overseas. Two tankers filled Continue Reading
Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil Continue Reading
Price swings in Russian equities have risen to the widest in four months as a selloff in oil dimmed the outlook for Europe’s biggest crude exporter, which already has been Continue Reading
Cheap crude prices and strong gasoline demand will continue to keep most refineries on both sides of the Atlantic in the black in 2016, analysts say, but weak diesel profit Continue Reading
1) The showdown on oil prices between Saudi Arabia and the US will intensify, and the Saudis will eventually break . It looks like oil and gas prices are going Continue Reading
Oil bounced back after tumbling below $30 a barrel for the first time in 12 years. A persistent oversupply means prices still haven’t staved off the threat of further declines. Continue Reading
Crude futures rose on Wednesday for the first time in eight days, with U.S. oil pulling further away from the widely watched $30-per-barrel level breached the previous session, as Chinese Continue Reading
