Oil slumps about 5% as end to Libyan dispute in sight
Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude
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Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude
September 03, 2024(This Sept 3 story has been refiled to clarify that the tariff cuts cover shipments to U.S.
September 03, 2024Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24,
August 26, 2024U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the
August 21, 2024Oil prices fell about 1% to a two-week low on Tuesday as Middle East supply concerns eased after Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, and
August 19, 2024A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans
August 19, 2024Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, has died aged 86, the company disclosed on Friday, after a prolonged battle
August 16, 2024Oil prices settled 1% lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could
August 14, 2024Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut
August 09, 2024Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices
August 07, 2024Restaurants in and around Houston on Monday filed a class action seeking more than $100 million from U.S. power provider CenterPoint Energy, alleging
July 16, 2024Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines
July 15, 2024Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that
July 12, 2024Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after
July 10, 2024The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the
July 07, 2024About 20 ships loaded crude oil on Canada's West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-
July 01, 2024U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for
June 26, 2024Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder
April 26, 2024More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter
April 26, 2024Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil
March 17, 2024Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian
March 14, 2024Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries.
February 27, 2024For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.
April 26, 2024Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply.
February 07, 2024U.S. fuel retailer Pilot Travel Centers said the president of its energy business and petroleum marketing chief have left the company in the latest shakeup
April 26, 2024