(Andrey Rudakov/Bloomberg)

Russia will meet with OPEC before the cartel’s next meeting in June

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Talks with the 12-nation group will take place on June 2-3, Energy Minister Alexander Novak said Tuesday in Moscow.
(Bloomberg Photo/Scott Dalton)

South Dakota hearing on Keystone XL pipeline delayed

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Pipeline opponents asked for the hearing postponement in South Dakota because they said the original schedule was too tight.
Derailed oil tanker train cars burn near Mount Carbon, W.Va., Monday, Feb. 16, 2015. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday. (AP Photo/The Daily Mail, Marcus Constantino)

Railroad union urges tougher safety standards on tracks

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While lawmakers and regulators focus on the strength of oil tank cars and volatility of crude oil, officials of the rail inspectors’ union say track flaws and train speed can be significant factors in accidents.
(AP Photo/Greg Baker)

PetroChina, Sinopec surge on industry merger speculation

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China National Petroleum Corp., the state-owned parent of PetroChina, hasn’t received any information from the government, nor has it spoken with Sinopec about a merger, Media Director Gong Kai said.
In this photo released by Saudi Press Agency, Deputy Crown Prince of Saudi Arabia, Prince Muqrin bin Abdulaziz Al Saud, front, receives Venezuelan President Nicolas Maduro, center, at the King Khalid International Airport in Riyadh, Saudi Arabia, Sunday, Jan. 11, 2015. (AP Photo/SPA)

Saudi prince sees ‘excellent’ oil market as kingdom meets demand

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“We will supply any demand for Saudi oil, as we are interested in the stability of the market,” Prince Abdulaziz said.
(Sam Hodgson/Bloomberg)

Guest commentary: America’s new and improved energy mix

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Demand for alternative energy sources is untethered from oil and natural gas prices, the writers argue.
(Photo by Andrew Burton/Getty Images)

North Dakota allowed to join Wyoming lawsuit against fracking rules

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The Obama administration announced in March that it will require companies that drill on federal lands to disclose the chemicals used in hydraulic fracturing.
Twenty-two horizontal rigs are stacked in West Texas, a portion of the more than 300 rigs that have been sidelined in Texas in recent months. (courtesy of Charles Perry)

U.S. producers idle 31 more oil rigs

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The number of U.S. oil rigs fell once again this week, Baker Hughes said Friday, as producers kept cutting drilling in the face of low crude prices.
(AP file photo/John Moore)

Saudi Arabia’s solution to global oil glut: Pump even more crude

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The world’s biggest oil exporter now has incentive to maximize output and undermine rival producers by using its reserve capacity.
(Daniel Acker/Bloomberg)

Oil at $65 seen freeing 500,000 barrels from shale fracklog

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Producers in oil and gas fields from Texas to Pennsylvania have 4,731 idled wells at their disposal.