The company said it would spend $3.6 billion in capital expenditures for the coming year, compared with $4.6 billion in 2015.. The refiner plans to invest $2 billion in its pipeline business and $1.2 billion in its refining unit. The pipeline projects include the construction of its planned liquids exports terminal at Freeport in Texas and the expansion of the...» Read More
Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.
The US Air Force just completed an initiative to convert all of its bases from military-specific grade jet fuel to a civilian grade.
Philadelphia is developing a new reputation as a nexus of oil and gas transportation, which bodes well for its economy.
The continual drop in oil prices could hurt shale drilling's profitability, finds a report from Goldman Sachs.
Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.
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.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.
CNBC's Jim Cramer shares his opinions on the high price of oil, and U.S. regulations on exporting.
CNBC's Jackie DeAngelis reports crude oil inventories drew down 579,000 barrels.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
India is set to pay Iran $1.65 billion under an interim nuclear deal that eases sanctions and gives Tehran access to $4.2 billion in blocked funds.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
BP says a malfunction at its Whiting refinery in Indiana let crude oil into Lake Michigan, reports CNBC's Sue Herera.
U.S. shale oil drillers are being treated as "milk cows" for refiners due to Washington's longstanding ban on U.S. crude exports, one of the top drillers has complained.
Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says Shell's earnings were "disappointing" after the company announced that fourth quarter profit will be "significantly lower than recent levels".
Abhishek Deshpande, oil and gas analyst at Natixis, says it is unclear how much oil Iran will bring to the market when the sanctions are lifted.