Oil finished the week with a gain of more than 5 percent.
ConocoPhillips is planning to spend $16.7 billion next year, aiming to boost drilling in U.S. shale plays and increase expenditures in the deep-water Gulf of Mexico, Alaska and elsewhere, the company said Friday. More »
A backup of crude on the Gulf Coast may prompt new pipeline and rail infrastructure to take oil from prolific new fields to the east and west coasts instead. More »
The price of oil was steady Friday after being buoyed by stronger economic growth in the world’s largest economy. More »
Natural gas added 17 cents to $4.13 per 1,000 cubic feet, the highest closing price since May 29. More »
This isn’t the first time oil has gushed from Texas wells at a record rate and sent towns around state the state into an economic boom. See how life in Texas changed in towns like Kilgore, Freer and elsewhere after the Texas oil explosion: More »
The price of oil edged higher above $97 a barrel Thursday as investors reacted to a drop in U.S. stockpiles, but concerns of oversupply in the Middle East capped gains. More »
The decline was more than four times bigger than analysts had predicted.
Iran plans to meet with international oil companies as soon as March to try to entice investors to its energy industry once world powers lift sanctions, the Persian Gulf state’s oil minister said. More »
Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing that it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if its extra output drives prices into the basement. More »
TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month. More »
The price of oil extended gains to rise above $94 a barrel Tuesday, ahead of an OPEC meeting and bolstered by encouraging manufacturing data from the world’s top two economies. More »