Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.» Read More
Two projects with Exxon Mobil will be the two most important events for the global oil industry, said Rosneft CEO Igor Sechin.
Brent crude jumped to a new nine-month high while U.S. oil rose modestly, amid concerns about Iraq's growing violence.
Two senators said they want to raise the federal gasoline and diesel tax by 12 cents a gallon, the first increase since 1993.
Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
Igor Sechin, the CEO of Rosneft, Russia's top oil producer, has slammed the U.S.'s decision to hit him with sanctions as making no sense.
The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.
The International Energy Agency report forecasts a jump in global oil demand, which affects both oil and gasoline prices. USA Today reports.
The Ukrainian prime minister ordered the energy sector to prepare for Russian gas cuts after Moscow and Kiev failed to resolve a gas price conflict.
The military conflict in Iraq will send oil higher, even as the U.S. experiences an oil boom, Jim Cramer said Friday.
The outbreak of violence in Iraq in recent weeks has “rekindled market concerns,” according to the International Energy Agency.
Surging U.S. oil production was expected to send oil prices lower, but a confluence of geopolitical events could drive high prices even higher.
Oil sitting comfortably over $100 a barrel leaves OPEC ministers with an easy task to leave output steady at their meeting.
Turkey has called for an emergency meeting of NATO to discuss the security situation in Iraq after militants took 80 Turkish citizens hostage.
Average U.S. gas prices rose just barely in the last three weeks, showing signs of stability, according to the most recent Lundberg survey.
The world's five most important oil fields are all decades-old reserves in the Middle East, says Oilprice.com.
Advocates for more oil exports say it will lower U.S. energy costs. Not so fast, say their opponents.
What's bad news for consumers—namely, high energy prices—can be great for large investors and oil and gas companies.
New York's highest court will consider allowing local bans on hydraulic fracturing.
Iranian oil exports are running above the levels the Islamic Republic agreed to when sanctions were loosened.
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