Gas prices are falling but GasBuddy.com's Tom Kloza said he doesn't think that will necessarily translate into a huge boost in consumer spending.» Read More
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
Demand growth in the oil markets will be more subdued than previously expected, according to the International Energy Agency.
Fracking is one area of the economy that's creating jobs. Dems like Obama and Cuomo need to stop delaying these projects, says Jake Novak.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
OPEC slashed its oil supply forecast for Russia next year and said continued geopolitical uncertainty was limiting its economic prospects.
The U.S. energy renaissance's effects are being felt broadly, said the industry's main trade group.
Despite environmental concerns some Northeastern and North Central U.S. towns seek the jobs and economic growth that fracking can provide. The New York Times reports.
The oil market has become more bearishly positioned than it's been for several years, and prices could fall another 10 percent or more in the near future.
Chinese energy execs recently made bullish statements about shale growth there. But that may have been just to appease China, this analyst says.
The massive 2010 spill in the U.S. Gulf Coast was a result of "gross negligence and reckless" conduct by BP and other oil producers, a court ruled.
Flagship Chinese oil producers are preparing to ramp up multi-billion dollar capital spending plans squeezed amid a Beijing probe into industry graft.
According to an options paper, the EU is considering whether to recommend suspending Russia from events including the next World Cup. FT reports.
Halliburton reached a settlement for claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010, FT reports.
Washington is facing international pressure to ease its ban on crude oil exports, with South Korea and Mexico joining the European Union.
The European Union could ban gas exports and limit industrial use as part of emergency measures to protect household energy supplies this winter.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
Morgan Stanley plans to build and run a U.S. compressed natural gas export facility, even as it sells its physical oil business.
Although atomic power is languishing, the industry is going on the offensive to change the conversation.
BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
The late summer slide in global crude oil prices will push the cost of U.S. gasoline to its lowest Labor Day level since 2010. USA Today reports.
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