NORTH LITTLE ROCK, Ark.-- State and federal authorities want a judge to find ExxonMobil broke the law when a pipeline failed at Mayflower and spilled an estimated 150,000 gallons of crude oil in a neighborhood and adjacent waterway, authorities announced Thursday.» Read More
Although oil hit its highest level in nearly two weeks on Tuesday, some professional traders don't think it will last.
ConocoPhillips is banking on shale as investors are banking on a growing company and a growing dividend, with Ryan Lance, ConocoPhillips Chairman & CEO and CNBC's Maria Bartiromo.
Venezuela is in mourning for its late president Hugo Chavez. With Chavez's passing, there is a lot of uncertainty about the future of Venezuela's massive oil supply, reports CNBC's Bertha Coombs. Risa Grais-Targow, Eurasia Group, weighs in.
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
The latest hunt for black gold is happening in California, with CNBC's Jane Wells.
*Saudi Arabia to produce more crude in Q2-sources. *West to make "substantial and serious" offer to Iran. Expectations that Saudi Arabia intends to raise production in the second quarter added pressure, while a Western diplomat said major powers are ready to make "a substantial and serious offer" to Iran during talks on its nuclear program next week.
SAN JUAN IXHUATEPEC, Mexico, Feb 4- As Mexico waits for news of what caused a deadly blast at the headquarters of state oil giant Pemex last week, survivors of the worst explosion in the company's history three decades ago still wonder what exactly happened then and what became of their friends.
*Ownership disputed between Sudan and South Sudan. GENEVA/ KHARTOUM, Feb 4- Sudan has sold a cargo of oil of disputed ownership from South Sudan oilfields, a minister and trading sources said, in what is likely to be seen by the south as a provocation after security and oil transport talks between the two countries fell apart.
Jan 29- Two people were hurt in an overnight explosion and fire at a private oil and gas firm's saltwater disposal facility in east Texas on Tuesday, an executive at the company said. Terry Blackmon, the fire marshal for nearby Van, Texas, said the explosion and fire occurred at 3 a.m. CDT.
*Elliott Associates may nominate directors to Hess board. Jan 28- Hess Corp on Monday announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.
*Hess to close New Jersey refinery. Jan 28- Hess Corp announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.
Jan 24- Industrial gas supplier Airgas Inc reported a 14 percent higher third-quarter profit as gas sales and storage tank rental revenue rose by 6 percent. Profit rose to $82.9 million, or $1.05 per share, in the quarter ended Dec. 31, from $72.6 million, or $0.93 per share, a year earlier. Revenue rose 5 percent to $1.21 billion.
*BNP Paribas, Standard Chartered, Natixis among lenders. LAGOS, Jan 8- Nigeria's state-owned oil company NNPC is borrowing from at least 10 banks and using revenue from oil production to help clear a long-overdue $3.5 billion debt owed to foreign fuel traders, a banking source close to the deal said on Tuesday.
NEW YORK, Jan 7- Brent crude oil prices were steady above $111 a barrel on Monday while U.S. crude futures edged higher, cutting the spread between the two benchmarks by a penny to its narrowest since September as a U.S. pipeline expansion project neared completion.
NEW YORK, Jan 7- Brent crude oil prices slipped toward $111 a barrel on Monday while the U.S. futures contract held firm, narrowing the spread between the two benchmarks to the lowest level since September as traders eyed the anticipated start-up of a Midwest pipeline.
Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.
CNBC's Sharon Epperson breaks down the latest data from the EIA Inventory Report.
Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.
CNBC's Jackie DeAngelis reports the latest details on recovery progress in New Jersey, as the Garden State continues to implement a gas rationing system in 12 counties.
CNBC's Kate Kelly reports on restoring the fuel supply in New Jersey; and John Eichberger, National Association of Convenience Stores, discusses the drop in oil prices, as tempers flare on long lines at gas pumps.