Venezuela's Pain is OPEC's Gain
The cut in oil production engineered by OPEC and Russia is now in its second year, defying skeptics and helping to boost crude prices. But the cartel's compliance owes a big debt to a single member: Venezuela.
China To Launch Highly Anticipated Crude Futures Contract
The launch of the yuan-based contract will come five years after Chinese regulators announced such plans. It underscores the country's ambition to create a new benchmark that could rival the two existing global benchmarks-London's Brent crude futures and New York's West Texas Intermediate futures.
SandRidge Energy Shakes Up Leadership Amid Investor Pressure
Amid investor pressure, SandRidge Energy said its two top executives would depart and also announced it planned to slash expenditures for the year.
Big Oil Is Rewarding Investors Again
Big dividends and share buybacks are making a comeback in the oil industry amid a fragile market recovery, with French oil giant Total the latest company to signal growing confidence in the industry.
Oil Falls as Shale Increases U.S. Stockpiles
Oil prices fell for the fifth session in a row on the back of surging U.S. production and rising inventories.
Canada Rolls Out Tougher Oversight of Energy Projects
Canada unveiled sweeping new rules aimed at toughening oversight of energy projects and instilling confidence in a system criticized by companies as too cumbersome and environmentalists as too lax.
Why Tax Law Likely Means Lower Revenue for Pipeline Operators
The U.S. tax overhaul will likely force many pipeline operators to lower the rates they charge customers, a side effect with major consequences for some of the industry's biggest companies.
Natural Gas Closes Lower Despite Inventory Draw
Natural gas prices fell Thursday, as rising production and mild weather outweighed a larger-than-expected draw from inventories.
U.S. Crude Oil and Fuel Inventories Increase
U.S. inventories of crude oil rose by 1.9 million barrels for the week ended Feb. 2 while fuel supplies including gasoline also climbed, according to data released Wednesday by the Energy Information Administration.
Exxon Suit Poses Test of Russian Sanctions Rules
ExxonMobil is testing in a lawsuit what the U.S. government will consider corporate conduct that violates its sanctions rules.