MINNEAPOLIS— Minnesota Pipe Line Co. announced plans Thursday to nearly double the capacity of a crude oil pipeline that carries oil from Canada and North Dakota to the two refineries in the Twin Cities that produce most of Minnesota's and much of Wisconsin's transportation fuels.» Read More
The US Department of Justice intends to prove at trial that gross negligence or willful misconduct by BP caused the 2010 Deepwater Horizon disaster in the Gulf of Mexico, government lawyers have said, in the clearest statement yet that they are seeking the maximum possible penalties from the British oil group. The FT reports.
CNBC's Brian Shactman reports on how the shutdown of nearly all oil production in the Gulf is impacting oil prices.
A look at how most of the Gulf's major oil installations have fared since Hurricane Isaac swept through, with CNBC's Brian Shactman.
A look at how fallout from Isaac; conflict in Iran; and a fire at Venezuela's largest refinery is impacting energy prices, with Dan Yergin, IHS vice chairman.
Reports indicate many oil production facilities were spared from damage from Hurricane Isaac, but John Hofmeister, Citizens for Affordable Energy founder & CEO, explains why Port Fourchon is still very vulnerable.
The Romney camp just released its energy plan, which gives individual states greater control over their energy wealth. Dan Weiss, Center for American Progress, and Sterling Burnett, National Center for Policy Analysis, discuss.
CNBC's Brian Shactman reports on oil and gas productions shutting down ahead of Hurricane Isaac, and Valero shutting down 2 refineries.
CNBC's Brian Shactman takes a look at how the storm will impact the oil and gas industry, with Bill Day, Valero Energy executive director media relations.
CNBC's Brian Shactman explains how the storm will impact gas futures and energy prices.
Russia’s entry into the World Trade Organisation (WTO) is good news but investors shouldn’t expect miracles straight away, Murat Ulgen, chief economist for Central & Eastern Europe and Sub-Saharan Africa at HSBC, told CNBC.
Energy investors remain bullish on ExxonMobil, even though the outlook for oil prices remain uncertain, two analysts told CNBC.
Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC said he wants to see a more meaningful change to China's energy pricing system.
Energy is the worst performing sector so far this year, but can it get recharged in the third quarter? Carl Larry, Oil Outlooks and Opinions president, weighs in. Matthew Cheslock, Virtu Financial, also weighs in on the best plays in energy right now.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
Airlines, trucking companies and other big energy consumers are betting on further oil price falls, with many reluctant to lock in at current levels amid fears prices could plunge if the global economy weakens further. The FT reports.
A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.
Russia's prospects are brighter than those of many other economies, despite fears that the return of Vladimir Putin to the presidency will slow the pace of structural reforms and falling oil prices could hurt its budget.
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.