Oil prices closed higher on Friday, as investors hoped that the output cuts by major producers would continue to chip away at global oversupply. Light, sweet crude for March delivery Continue Reading
U.S. Imposes Fresh Sanctions on Iran Oil capped a third weekly gain as the U.S. imposed fresh sanctions on Iran after a missile test and OPEC reached about 60 percent Continue Reading
Oil prices edged up on Friday on news that U.S. President Donald Trump could be poised to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two Continue Reading
Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday. The White House is expected Continue Reading
Radiation levels in one part of reactor no.2 at the Fukushima Daiichi nuclear power station are the highest since the disaster in March 2011, media report , quoting the facility’s Continue Reading
The chief executive of Phillips 66 ( PSX.N ) said on Friday he expects the Dakota Access Pipeline to start operations in the second quarter, even though the project – Continue Reading
U.S. Republicans on Friday repealed a securities disclosure rule aimed at curbing corruption at oil, gas and mining companies and voted to ax emissions limits on drilling operations, part of Continue Reading
U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over Continue Reading
U.S. natural gas speculators cut their net long positions for a second week in a row on forecasts that the weather will moderate for most of the rest of the Continue Reading
U.S. gasoline stocks are rising much faster than normal at the start of the year, threatening to leave refiners struggling to clear an overhang of motor fuel later in the Continue Reading
