Retail U.S. gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some of the nation’s oil refineries began restarting in the wake of Continue Reading
OPEC’s no.2 Iraq is currently producing 4.32 million bpd of oil, below the 4.351 million bpd ceiling it had pledged in the production cut deal, Iraq’s Oil Minister Jabbar Al-Luaibi Continue Reading
U.N. delegation tours Benghazi in early August. Special envoy Ghassan Salame says Libyans can’t understand why they’re power in an oil-rich country. Photo courtesy of the U.N. Support Mission in Continue Reading
Iraq is doing more than it needs to in terms of working to balance an oversupplied market through an OPEC-led effort, its oil minister said Friday from Moscow. Russian Energy Continue Reading
After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along U.S. Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in Continue Reading
The U.S. Energy Secretary has approved the release of up to 4.5 million barrels of crude oil from the Strategic Petroleum Reserve in response to the impact from Hurricane Harvey, Continue Reading
The U.S. Energy Department on Thursday released 1 million barrels of oil from the Strategic Petroleum Reserve and a White House adviser said more could flow after Tropical Storm Harvey Continue Reading
The number of active oil and gas rigs in the United States rose this week by 3 rigs, largely dispelling earlier analyst notions that Hurricane Harvey would delay as much Continue Reading
US Gulf Coast refineries and ports were in the process of returning to service Friday, as the industry continued its recovery efforts following Hurricane Harvey. While roughly 2.9 million-3.9 million Continue Reading
Energy companies that sat on the sidelines during other recent trade negotiations are getting more involved on Nafta. (Bloomberg) — The Trump administration is easing environmental regulations and opening up Continue Reading
