Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation.  More »

There’s been plenty of controversy over Marcellus Shale natural gas drilling in Pennsylvania, and now tax rates are part of the debate, too.  More »

The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said.  More »

Several major oil firms, including BP, Statoil and Royal Dutch Shell, have been caught up in a price-fixing probe in Europe.  More »

BP Plc (BP/), Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year.  More »

Iran’s oil minister says the country supports prices of $100 for a barrel of crude.  More »

By Dan Murtaugh Bloomberg News U.S. oil exports are poised to reach the highest level in 28 years as deliveries to Canada more than triple, helping bring down the price of the global benchmark Brent crude relative to U.S. grades. The shipments will rise to at least 200,000 barrels a day by the end of [...]  More »

Federal officials on Friday celebrated the success of a government-backed project in Port Arthur that is capturing carbon dioxide and putting it to use in the oil patch.  More »

OPEC boosted crude output in April to the highest in five months as Saudi Arabia increased production, helping lower oil prices amid concern that global economic growth is slowing.  More »

Leading oil industry groups said Thursday federal land managers are blocking new energy development and job creation by postponing all oil and gas lease auctions on prime public lands in California until October.  More »

Major U.S. and overseas schools have been sharing with attendees to the Offshore Technology Conference in Houston research and development projects they are involved in that relate to industry subjects.  More »

Oil and gas firms not only need to share technology they develop, but they also must tap into the innovative products available in other industries to produce increasingly difficult-to-find resources in deep waters around the world, Royal Dutch Shell’s technology chief said Thursday.  More »