Softer-than-expected U.S. jobs data and other economic statistics had weighed on oil earlier, along with reduced threats to oil installations in the U.S. East Coast from Hurricane Joaquin. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed. Brent, the global oil benchmark, was...» Read More
The catastrophic crash of an oil-laden freight train in a small Quebec town will bring more scrutiny to the railroad industry and may boost the case for pipeline development.
Rural Pennsylvania was transformed into one of the nation's oil and gas boom regions virtually overnight thanks to abundant Marcellus Shale gas development.
CNBC's Patti Domm talks oil and geopolitics with John Kilduff, Again Capital.
Some observers warn that surging shale development and natural gas discoveries are spawning a potential glut, but most observers say thirsty markets stand ready to absorb supply.
Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria.
U.S. oil pipeline projects are mired in fractious regulatory and political problems. Yet railways--which experts say are faster and more flexible--are stepping in to save the day.
SandRidge Energy's board of directors removed the energy company's founder and chief executive after a months-long struggle with activist investors.
U.S. energy independence is seen almost as a holy grail, and soaring shale production has heightened hopes that the country may actually get there. But not everyone's so sure.
The shale revolution helped push oil production in the world's largest economy to a record last year, BP said in a report this week.
Continental Resources' CEO is worth at least $11 billion, and a split from his wife could result in the largest divorce settlement in history
There's excitement over the possibility that natural gas may overtake gasoline as primary fossil fuel for vehicles. There's one problem: Where would a natgas car fill up?
Observers say inefficiencies in the U.S. transportation system are helping to keep gas prices elevated, and the lack of pipelines make oil producers rely on railroads.
There aren't a lot of motor vehicles using natural gas, but that could be changing thanks to a confluence of trends.
State control of natural resources tends to evoke images of authoritarian countries, yet the most oft-cited example for the U.S. is Norway.
There is no favorable outcome in Syria at this point—only the least unfavorable—and even that will not likely be dictated by Washington.
California is an alternative energy giant, but is also home to one of the best-kept secrets of the U.S. fossil fuel renaissance – the Monterey shale.
Citigroup recently cataloged a clutch of new technologies, including mobile payments and energy production, that are disrupting markets and sparking innovation.
Oil depletion is a hot topic rarely mentioned in the context of America's budding energy boom. Yet some murmurs are out there.
With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?
Robert Hobbs, CEO of TGS, explains that TGS provides data and services to oil and gas companies and why its current position gives him a lot of pricing power.