Saudis say they have exceeded promised output cuts

Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance worl...


Market Currents: Changing dynamics of U.S. LNG, LPG and Oil

A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading ran...


Exxon strikes oil off coast of Guyana, again

Exxon Mobil Corp. has made a second oil discovery off the coast of Guyana, in a another reservoir 10 miles northwest of the large Liza field it d...

Crude Oil

Oceaneering CEO stepping down, president promoted

Oceaneering International President Roderick Larson will advance into the chief executive role in May after current CEO Kevin McEvoy steps down....

Natural Gas

Phillips 66 names Louisiana worker believed dead from pipeline explosion

Phillips 66 said employee Josh Helms is believed dead from a pipeline explosion last week in Louisiana. Workers were conducting maintenance at Ph...