Weak global economic growth will likely continue to limit oil demand in 2013.
An 5.2 magnitude earthquake struck north Japan on Friday, but has not resulted in a tsunami warning.
A 5.2 magnitude earthquake hit north Japan on Friday, but has not resulted in a tsunami warning.
Northeastern gas shortage will likely last through the week due to the many factors affecting the supply chain.
As New York and New Jersey recover from Superstorm Sandy, government officials are adopting emergency measures to deal with fuel-supply disruptions.
Federal authorities Friday sought the help of the military to deliver 24 million gallons of fuel to restore gas supply in the areas affected by Superstorm Sandy. There is a severe shortage of fuel as almost 50 percent of the gas stations in Sandy affected areas are inoperable due to power outage.
“It’s like the early 70s out there,” said David Brauner, a 52-year-old Queens resident, referring to the gas shortage caused by the 1973-74 oil embargo.
The Long Island Power Authority said power outages can last more than a week on Long Island, while ConEd said it has restored some power in Lower Manhattan after Hurricane Sandy.
The world's No. 1 energy company by market value posted declining third-quarter profits but still topped analysts' expectations.
Electrical companies on the East Coast are bracing for heavy winds, rain, and potential flooding as Hurricane Sandy approaches landfall.
Kremlin-controlled Rosneft will pay BP PLC $17.1 billion for its 50 percent stake in TNK-BP.
India Monday reiterated its compulsion to depend on the Iranian oil to meet its increasing energy demands.
Poles are considering hydraulic fracturing in pursuit of oil and gas as their ticket to energy independence, but even they have doubts.
The world's largest publicly traded energy company extended its buying streak with a $2.91 billion purchase of Canadian petroleum shale properties.
Chevron Corp. on Tuesday lost a U.S. Supreme Court bid to block an $18.2 billion judgment against it in Ecuador in a case over pollution in the Amazon jungle.
Gasoline prices in California will fall now that Gov. Jerry Brown has ordered a shift to winter blend after refineries making summer blend went offline.
Oil India Ltd (OILI.NS) and Indian Oil Corp (IOC.NS) have jointly bought a 30 percent stake in Houston-based Carrizo Oil & Gas's (CRZO.O) Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement, according to a Reuters report.
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A, BRK-B) will get just a shade greener as its MidAmerican Wind unit announced Sunday its agreement to buy two wind-energy projects in Tehachapi, Calif.
Sudan and South Sudan have reached a deal on border security and oil production that will let oil exports from South Sudan through Sudan to resume, spokesmen for both sides said
The protest against the Koodankulam Nuclear Power Plant (KNPP) in Tamil Nadu, South India, intensified on Saturday as the fishermen blocked the Tuticorin port in the state. Anti-nuclear activists and the local villagers have been opposing the construction of the nuclear plant in the Idinthakarai district since several months.
The proposed project to pump bitumen-infused gas from Alberta to Asia via the Northern Gateway project has activists facing off against the energy industry.
BP Plc is in talks with Marathon Petroleum Corp. to sell its Texas City refinery to pay for Deepwater Horizon spill costs.
