The drastic fall in oil prices is widely thought to have hit the Gulf's main producers, but this CEO says the opposite is true.» Read More
Almost 20 percent of the world’s oil supply travels through the Strait of Hormuz between the Persian Gulf and the Arabian Sea.
Oil is up over 30 percent since its low in March. One pro predicts the rally will continue, but another says prices will fall near term.
Energy entrepreneur Boone Pickens said on Monday that he is standing by his call that oil goes higher this year and higher next year.
The average price of gasoline in the U.S. rose about 5 percent in the past two weeks to $2.58 per gallon, according to the Lundberg survey.
U.S. elections have long featured a familiar whipping post. Yet thanks to the energy boom, it's one that may not play a role in 2016.
As tensions in the Ukraine rise, European sanctions are squeezing Russia's energy sector. Production is flat, and oil deliveries are down.
Brazilian oil giant Petrobras believes it has started to normalize its relationship with investors and to implement better governance.
About 25% more LNG exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
The Brazilian oil company, embroiled in a corruption scandal, unveiled the estimate in its audited fourth-quarter financials.
After being battered by falling crude prices, many U.S. energy stocks may soon blow past broader U.S. markets, one analyst said.
Brazil's state-run oil giant, Petrobras, is engulfed in arguably the largest financial scandal in the country's history.
Mexico is opening its state-run oil industry to outside investors for the first time in 75 years in a bid to match the U.S. oil-boom story.
BP CEO Bob Dudley said oil companies need to adjust to new realities, including a cheap crude environment and tougher regulations.
Pioneer Natural Resources CEO Scott Sheffield says he's optimistic the U.S. will lift an oil export ban after recent meetings with lawmakers.
Oil CEOs expect low oil prices to linger for at least a few years, due to a market flush with private financing and productive wells.
Oklahoma's earthquakes are racking up millions of dollars in damages and unleashing a political and financial maelstrom.
The oil-price crash has upset the most fundamental assumptions in long-term plans to meet the world's energy needs, says the CERAWeek chair.
Crude would need to rise to $75 immediately and stay there for a year in order to justify the levels where energy stocks are trading right now.
Alaska Sen. Lisa Murkowski plans to introduce legislation this year to end the ban on US oil exports, in place since the 1970s.
Most of the oil spilled in the disaster is gone, but effects on the Gulf of Mexico are still being gauged. NBC News reports.
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