Exxon Mobil said the U.S. government has allowed it to wind down activity on a Russian Arctic drilling well that has been a target of U.S. sanctions.» Read More
The national average price for a gallon of regular gas could drop another 20 cents this fall, just in time for the holiday shopping season.
A company that uses solar energy to recover crude has scored financing from some big oil players, highlighting a growing niche of exploration.
Scottish nationalists argue that being governed from London has deprived their country of Britain's oil fields' wealth. The New York Times reports.
Lifting the 1970s ban on crude exports would go a long way to reducing energy prices and increasing jobs in the U.S., the CEO of Hess tells CNBC.
Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.
Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
Falling commodity prices signal deflationary pressure, and that has to be frustrating to the central banks, Art Cashin said.
The U.S. dollar is on track for a ninth consecutive week of gains, and Dennis Gartman told CNBC he thinks the currency's run has just begun.
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.