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U.S. oil demand in August was 975,000 barrels per day less than previously estimated and down 1.758 million bpd from a year earlier, with petroleum consumption at the lowest level for any month since December 2001, the Energy Information Administration said on Thursday.
The green revolution has ground to a halt with the collapse in oil prices, right? Don't bet on it.
Daniel Tishman, Tishman Construction chairman and CEO, shared his outlook for the industry on CNBC's Squawk Box this morning.
A fast and furious as the crude oil market selloff has been, it's far from over, says one expert.
Oil and gas companies are retrofitting drilling rigs with pollution controls and taking other steps in an effort to avoid violating federal air pollution standards in southwest Wyoming this coming winter.
California’s energy-efficiency policies created nearly 1.5 million jobs from 1977 to 2007, while eliminating fewer than 25,000, according to a study.
Most U.S. spot natural gas rose Thursday for the first time in five trading days, with gas at benchmark Henry Hub in Louisiana climbing from Thursday's lowest level in nearly a year amid stronger gas futures and concerns about continued shut in Gulf of Mexico production.
At least 49 offshore oil platforms, all with production of less than 1,000 barrels a day, were destroyed by Hurricane Ike as it raced across the Gulf of Mexico, and some may not be rebuilt, the Interior Department said Thursday.
Oil prices, which plunged nearly $6 on Monday as the Wall Street crisis rattled investors, is likely to continue falling even more, experts say.
Two oil rigs broke loose from their moorings in the Gulf of Mexico during Hurricane Ike, CNBC has learned Saturday.
Home to abundant oil reserves, Russia rarely worried about where the next barrel would come from—until now.
General Motors Corp. said Friday it delivered a hydrogen fuel cell electric vehicle to the Environmental Protection Agency as part of a market test for the technology.
Deaths among those working the nation's oil and gas fields have risen at an alarming rate, The Associated Press has found.
OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.
Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic Petroleum Reserve to keep operations going after the storm shut down key waterways.
OPEC oil supply rose for a fourth consecutive month in August, mainly due to higher output from Iran and smaller increases in Nigeria and Angola, a Reuters survey showed on Monday.
Gustav weakened to a Category 1 hurricane as it approached the Louisiana cities of New Iberia and Lafayette with maximum wind speeds of 90 mph.
Hurricane Gustav's threat to the Gulf Coast halted about 15 percent of U.S. refining capacity Sunday, though for now prices at the pump have not risen dramatically
Oil companies shut down production Saturday as an intensifying Hurricane Gustav churned toward the petroleum-rich waters of the Gulf of Mexico.
Gustav strengthened back into a hurricane in the warm Caribbean on Friday as it left flooded Jamaica and churned toward the Cayman Islands, headed for the Gulf of Mexico on the third anniversary of Hurricane Katrina's deadly strike on New Orleans.