The president's comments come just a day after WTI crude oil, the U.S. benchmark, climbed back above $70 a barrel. OPEC is set to meet this weekend. » Read More
Exxon Mobil, Chevron and Occidental Petroleum will join the 10-member Oil and Gas Climate Initiative, becoming the first U.S.-headquartered companies to join the group. » Read More
Morgan Stanley is forecasting a bigger jump in spending on new oil and gas development than most of Wall Street expects, teeing up a windfall for oilfield services firms. » Read More
The burgeoning trade war with China could cripple U.S. natural gas exports and threaten billions of dollars in trade, market experts warn.
U.S. sanctions on Iran's oil industry are unproductive and there will be consequences to such a move, Russian Energy Minister Alexander Novak said.
Shares natural gas company NiSource dropped after a series of gas explosions left several homes near Boston demolished or engulfed in flames.
As home to most of the oil production facilities for OPEC's second-largest producer, Basra in crisis could have a material impact on oil output and prices, analysts say.
Global oil supply was firing on all cylinders in August, reaching a record 100 million barrels per day (bpd), the International Energy Agency revealed in its monthly Oil Market Report Thursday.
Jim Cramer sees a "big problem" in the U.S. energy market. Wednesday's oil price boost could help curb it.
Many of the gas stations in the Carolinas are running out of gas due to the sheer volume of motorists trying to fill up at once, USA Today reports.
Despite fears of disruptions to global oil supplies and curbs on production, major oil producing group OPEC sees global oil supplies as fine – it's demand that should be worrying people.
The U.S. trade war against China and sanctions regime is contributing to instability in the global oil market, Russian Energy Minister Alexander Novak told CNBC on Wednesday.
Under pressure from consumers and governments to transition to new and greener energy sources, oil majors will have to reinvent themselves. But this will increase capital expenditure and hit shareholder returns.
U.S. sanctions on Iran's energy industry, when they come into effect in November, could potentially drive oil prices above $100 per barrel, said Fereidun Fesharaki, founder and chairman of consultancy FACTS Global Energy.
Sibur's largest expansion project is expected to be completed in the second quarter of 2019, which then opens the door for further discussions on listing the company's shares, said Chief Executive Officer Dmitry Konov.
Trump accused Qatar — which hosts a key American military base — of being "a funder of terrorism at a very high level," but a year later warmly welcomes the country's ruler at the White House.
Oil will be toppled as North America's primary energy source this year, according to risk management firm DNV GL, with natural gas and electrification set to reshape the region's energy future.
Since hitting $70 a barrel for the first time since 2014 in May, prices have been range-bound. It could soon snap out of that range, says one energy expert.
California Gov. Jerry Brown on Saturday signed legislation to block the Trump administration's controversial efforts to expand offshore oil drilling along the California coast.