The price of oil finished the week 2 percent higher. More »
On Thursday, OPEC said in a report that it expects global demand for oil to increase by around 1 million barrels a day, up from an increase of 900,000 barrels a day in 2013.
The changes proposed are all voluntary. More »
Apache Corp. said Thursday that its Permian Basin and central region production took a hit in the fourth quarter due to severe weather. More »
Benchmark U.S. crude oil for February delivery rose $1.58, or 1.7 percent, to $94.17 a barrel on the New York Mercantile Exchange. More »
U.S. energy production will far outpace its consumption by 2035 as growth in natural gas and renewable sources eclipse the use of oil and coal, according to a new report from BP. More »
Sen. Lisa Murkowski is doubling down on her pitch for the U.S. to reverse a 39-year-old ban on exporting American crude. In a letter to President Barack Obama on Tuesday, the Republican from Alaska insists that the administration must ease the restrictions soon. More »
The price of oil fell below $92 a barrel Monday as Libyan production continued to ramp up and the possibility of increased crude exports from Iran raised the prospects of excess supply on global markets. More »
Federal investigators said Monday that 18 rail cars carrying oil were punctured when they derailed during a crash and explosion in December that spilled about 400,000 gallons of crude. More »
Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction. More »
Recently elevated to vice president at the American Petroleum Institute, John Modine oversees the trade group’s global industry services department. The unit focuses on promoting standards and best practices worldwide. More »
Crude rose on report that economy added fewer jobs than expected, fueling speculation Federal Reserve will reconsider slowing its economic stimulus.