The Labor Department's Occupational Safety and Health Administration fined Freedom Industries $7,000 for keeping storage tanks containing crude MCHM behind a diked wall that was not liquid tight. OSHA also fined Freedom Industries $4,000 for failing to have standard railings on an elevated platform.» Read More
CNBC's Mary Thompson reports diminishing fuel supplies are causing gas lines to grow at the pump. And CNBC's Kate Kelly reports how a lack of terminals is choking off gas supplies to the New York City area.
CNBC's Kate Kelly reports on potential problems facing storage facilities that gather and distribute gasoline and jet fuel to the New York City region.
Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.
Bill Allayaud, Environmental Working Group, says drilling isn't the fix in California's energy crisis.
CNBC's Sharon Epperson breaks down the latest EIA numbers on energy, with Raymond Carbone, Paramount Options.
CNBC's Sharon Epperson reports the latest numbers on crude oil and gasoline inventories.
Saudi Arabia has offered its main customers in the US, Europe and Asia extra oil supplies through the end of the year, a sign the world’s largest exporter is worried about the impact of rising prices on the global economy. The FT reports.
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.
Millions in the Mid-Atlantic states face a third day without power, with CNBC's Hampton Pearson. And CNBC's Kate Kelly reports the Carlyle Group is acquiring a 330,000 barrel per day refinery from Sunoco.
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.
In one week, a EU-wide ban on Iranian oil goes into effect along with EU-wide ban on insuring any ship carrying Iranian oil, with John Hofmeister, Shell's former president & CEO.
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.
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.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
CNBC's Sharon Epperson breaks down the numbers on this week's oil inventories.
John Watson, Chevron chairman & CEO, says two big projects in Australia are expected to fuel the company's target of boosting production growth 20% by 2017.
Oil prices are nearly up 8% this year and Scott Burk, of Canaccord Genuity, says offshore drillers stand to benefit with daily rig rates going to $600,000 for premium rigs.