There was a failure of the designed well barriers on the evening of April 6, leading to a loss of control over the pressure ...

The U.S. Army Corps of Engineers has released a draft analysis of the environmental effects of building a protective tunnel around an aging Enbridge oil pipeline running beneath a channel connecting t ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

The Supreme Court has overruled a lower court in favor of a plan to ship crude oil through Colorado to the Gulf Coast.

A cadre of Greek shipping magnates has stepped back into the fold as the go-to distributors of Moscow’s crude to the world.

U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from ...

June WTI crude oil (CLM25) Thursday closed down -1.53 (-2.42%) and June RBOB gasoline (RBM25) closed down -0.0356 (-1.64%). Crude oil and gasoline prices fell sharply Thursday after President ...

it spells financial pain for oil producers. Texas oilman Bryan Sheffield has urged companies to scale back drilling to avert an industry “blood bath,” while consultant Rystad Energy slashed its ...

Nigeria maintained its position as Africa’s leading crude oil producer in March 2025, according to the latest monthly report by the Organisation of the Petroleum Exporting Countries (OPEC), even ...

Sheffield reportedly told Bloomberg that the situation right now is a “blood bath ... into a dangerous loss of demand for crude oil that will not be able to support current drilling ...

Crude oil stocks, not including the SPR, stood at 433.6 million barrels on March 21, according to the EIA's latest weekly petroleum status report. U.S. commercial crude oil inventories ...

When crude oil is processed, a lot of grungy byproducts are left over. A new study indicates that a couple of those substances can be used to make low-cost carbon fibers, which could in turn find ...