U.S. gas prices spiking
The retail price for gasoline in the United States is moving higher at its fastest clip in four months as seasonal and market pressures mount, analysis finds. Motor club AAA Continue Reading
Texas shows decrease in oil production
Texas crude oil production showed a decrease in December as crude oil prices dragged on state potential, though banks are seeing signs of life. The Railroad Commission of Texas, the Continue Reading
Former Chesapeake CEO McClendon charged with bid-rigging of land leases
Aubrey McClendon, former chief executive officer of Chesapeake Energy Corp and a legend in the U.S. energy industry, was charged on Tuesday with conspiring to rig bids to buy oil Continue Reading
Fracking Pioneer McClendon Accused of Rigging Oklahoma Bids
Aubrey McClendon has been called a pioneer and a natural gas evangelist. Now he might just be the architect of his own destruction. Three years after being forced out of Continue Reading
Russian oil bosses voice support for oil output freeze, not cut
Russian oil companies back the idea to freeze output at near-record levels reached in January, but did not support any proposals to cut oil production to lift global prices, Energy Continue Reading
Europe’s Biggest Oil Hub Fills as Ship Queue at Seven-Year High
The queue of ships waiting outside Europe’s biggest port and oil-trading hub of Rotterdam has grown to the longest in seven years as a global supply glut fills storage capacity. Continue Reading
Russian Ruble Gains the Most in Emerging Markets as Oil Rebounds
Russia’s ruble rose the most in emerging markets as a surge in the price of oil nearly erased the currency’s losses for 2016. The ruble advanced 1.7 percent to 73.92 Continue Reading
Commercial potential for British shale oil
British energy company said inland shale oil basin has obvious commercial potential. Photo courtesy of U.K. Oil & Gas Investments LONDON, March 1 (UPI) — A British company tapping into Continue Reading
British fracking surveys may address tremors
The British Geological Survey said Tuesday it’s uncovered data that could help address concerns about seismic activity associated with hydraulic fracturing. BGS last year took the lead in a consortium Continue Reading
Kremlin mulling privatization options for oil
Russian economic officials mulling the privatization of some parts of the state oil sector in a potential move to shore up federal revenue. Photo by sakhorn/Shutterstock MOSCOW, March 1 (UPI) Continue Reading