China is planning changes to the way it handles oil reserves by allowing private companies to build and operate some of its strategic stockpiles, while also requiring companies to maintain Continue Reading
U.S. manufacturing grew for a third straight month in May, but factories appeared to be taking in fewer deliveries from their suppliers, which could hamper production in the months ahead. Continue Reading
A nun from an influential interfaith coalition with U.S. $100 billion in assets that include a stake in ExxonMobil is pushing for change, but the supermajor isn’t bowing to anyone Continue Reading
U.S. banks have seen their earnings drop 2 percent in the first quarter of this year as low oil prices have finally turned into unpaid energy loans. In the first Continue Reading
As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer, idled a drilling rig, opting to pay $21,000 a day to store it Continue Reading
Global airline earnings are set to be $3.1 billion higher this year than previously estimated as the impact of lower fuel costs makes up for a slowdown in passenger growth, Continue Reading
In Cherry Point, Wash., an $850 million coal-export terminal was rejected in May. The site’s… Many major fossil-fuel projects across the U.S., from pipelines to export terminals, have been shelved Continue Reading
Production hold-ups at key manufacturing plants helped to push General Motors’ US sales in May down 18 per cent, against a backdrop of concerns about how long the boom of Continue Reading
Petroleum Refinery In 2015, the U.S. was the largest producer of petroleum and natural gas hydrocarbons in the world by a wide margin, according to U.S. Energy Information Administration (EIA) Continue Reading
Oilfield equipment supplier National Oilwell Varco (NOV) is laying off 54 workers at its facility in Galena Park, near Houston, according to a letter to the Texas Workforce Commission. In Continue Reading
