The Obama administration is expected to announce its first step toward regulating methane emissions from hundreds of thousands of oil and natural gas wells across the U.S., a move likely Continue Reading
Exxon Mobil Corp has put on hold a possible project to double the size of the company’s 344,500 barrel per day Beaumont, Texas, refinery due to cuts in capital spending Continue Reading
The last state permit needed for a pipeline that would carry a half-million barrels of crude oil daily from North Dakota to Illinois was approved Thursday by Iowa utilities regulators, Continue Reading
ExxonMobil is being investigated by the Attorney’s General of New York and California with a view to criminal charges for securities fraud and racketeering over their stance on climate change. Continue Reading
Current-account surplus narrows by 50% in first two months Russia’s ruble fell the most in two weeks as oil declined on receding bets that as supply glut will ease, while Continue Reading
Russian defense procurement will drop by about 10% this year as low oil and gas prices drain income from the state budget, according to the powerful head of the conglomerate Continue Reading
Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be Continue Reading
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration Continue Reading
The Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production to support oil prices until it sees output declines in the United States, Russia and Iraq, an energy Continue Reading
Commodity traders and academic economists agree there is a close relationship between stock levels and the strip of futures prices. Holbrook Working of Stanford University’s Food Research Institute explained the Continue Reading
