News

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a ...
Explosion and smoke seen from oil refinery in Tuscaloosa, Alabama: Reports
Various local news sources in Tuscaloosa, Alabama, are reporting that an explosion has left smoke billowing from a local ...
Kazakhstan Says It Has No Plans to Cut Oil Production in May
Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil ...
OPEC April oil output edges lower despite plans for hike, survey finds
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
Why are oil prices falling? And what does it mean for Long Islanders?
Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...
US Sanctions Third ‘Teapot’ Refinery in China Over Iranian Oil
The US Treasury Department sanctioned an oil refinery in China — along with port terminal operators, vessels, companies and ...
Exclusive-US sanctions on China refiners over Iran oil disrupt operations, sources say
By Siyi Liu, Trixie Yap and Chen Aizhu SINGAPORE (Reuters) -Recent U.S. sanctions on two small Chinese refiners for buying ...
Marketplace2d
Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry.
Oil is cheaper than it has been since early 2021, when the price of a barrel of crude was still recovering from its pandemic ...
Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.
Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
Home heating oil and fuel prices drop to 2021 levels
The price of home heating oil and fuel in Northern Ireland is at its lowest level since 2021, and the advice is to buy now – ...
A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...
As oil and gas development potentially increases, dangerous incidents sometimes happen
Michigan has 14,000 regulated oil and gas facilities, and serious incidents are rare. But when they do happen, they can be ...