Oil prices surged yesterday, ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Click to read.

Russia, Oman, and Algeria all expressed reservations ahead of the OPEC+ meeting but ultimately aligned with the consensus to raise oil production by 411,000 bpd in July.

Iran-Israel conflict drives Brent crude to 5-month highs as traders price in rising OPEC route risks and potential U.S. military involvement.

Officials from both governments agreed to move forward with the group. But the future of decision-making and cost burden is ...

ExxonMobil is intensifying exploration efforts in Guyana’s prolific Stabroek Block, with the drilling of two new wells — Hamlet-1 and Lukanani-2 ...

WASHINGTON (Reuters) -A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those ...

A Santa Barbara Superior Court judge issued a temporary restraining order against the Office of the State Fire Marshal on Tuesday, as environmental groups ...

Crude on Wednesday initially moved higher due to a weaker dollar and after Saudi Arabia cut oil prices to Asian customers less than expected. Also, Wednesday’s rally in the S&P 500 to a 3-1/4 ...

Signs point to fracking. Natural gas is mainly methane. Fracking involves drilling an oil or gas well vertically and then horizontally into a shale formation. A mixture of highly pressurized water ...

Production of oil in Iraq was 21,000 barrels daily above the target. Russia, the UAE and Saudi Arabia produced 14,000, 32,000, and 17,000 barrels per day below the target respectively in April.

The section of Turner Road (Route 650) between Belfair Drive (Route 2289) and Belmont Road (Route 651) will close on Tuesday, June 17, from 9 a.m. to 3 p.m., according to the Virginia Department ...

Articles, news, products, blogs and videos covering the Pipelines & Transportation market.