crude oil News Updates

GovernmentBusinessTechnologyFuel

BP Optimistic About US Energy Future Under Trump

BP Plc anticipates strong growth in the U.S. as President-elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.

November 25, 2024
GovernmentBusinessFuel

OPEC+ Shifts to Virtual Meeting as Oil Futures Slide

It’s the third time in a row that the group led by Saudi Arabia and Russia has turned a gathering scheduled for its Vienna headquarters into a virtual session.

November 25, 2024
GovernmentBusinessSafetyFuel

Phillips 66 Indicted for Alleged Toxic Sewer Discharges

The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease.

November 21, 2024
GovernmentBusinessFuel

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024
BusinessFuel

US Refineries See Seasonal Highs Ahead of Holiday Travel

U.S. Gulf Coast refineries are operating at their highest capacity for this time of year since 1992 as they capitalize on strong fuel demand from Mexico and Brazil.

November 18, 2024
GovernmentBusinessFuel

Big Oil Chiefs See Middle East, China as Top Concerns

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

November 4, 2024
GovernmentBusinessFuel

Colonial Pipeline Weighs Bids for Potential $10B Sale

The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

October 29, 2024
BusinessFuel

Matador Increases 2024 Oil Output Projection by 5%

Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.

October 23, 2024
BusinessFuel

World’s Top Oil Traders See Boom Years Fade

The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.

September 10, 2024
BusinessFuel

60 Seconds: US Oil Dominance Hinges on Quiet Corner in NM

About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people is quietly buttressing the U.S.’s world #oil dominance. 

August 30, 2024