Oil futures rose to their highest level in nearly a month Wednesday amid signs that major oil exporters are cutting production and federal data showing that U.S. crude output edged lower last week.
North Dakota Sen. John Hoeven said the permit will enable Energy Transfer Partners to complete the project with the necessary safety features to protect the Standing Rock Sioux Tribe and others downstream.
OPEC is cheating on oil quotas much less than is typical, helping crude hang on to late 2016 gains.
Dominion Resources said earnings could fall this year, hurt by import contract revenue at its Cove Point Terminal in Maryland, among other causes.
Marathon Petroleum’s fourth-quarter earnings and revenue surged past expectations, the latest indication that the energy sector could be recovering.
The world’s largest asset manager is buying $3.7 billion in funds that invest in pipelines, power plants and wind farms, expanding on a bet that investors will want to back more infrastructure projects around the world.
Saudi Arabia’s oil minister praised President Donald Trump’s energy policies and said he welcomed an increase in American oil production as long as it grows in line with global energy demand.
Bullish bets on oil rose to a record in January, reflecting optimism that crude prices are poised to move higher as OPEC starts cutting output.
Anadarko Petroleum Corp. said oil sales climbed 25% in its fourth quarter to help it narrow its losses, but results still fell short of profit projections.
Exxon Mobil wrote down the value of more than $2 billion in U.S. assets, as the world’s largest publicly traded oil company posted its lowest yearly earnings in 20 years.
Oil prices rose Tuesday after data about OPEC production showed high compliance with its deal on production cuts aimed at raising prices.
The rupture and closure of a major crude oil pipeline in Texas jointly-owned by Enterprise Products Partners and Enbridge helped to push oil prices higher Tuesday as crews worked to clean up the spill.
Royal Dutch Shell capped off a flurry of deals this month with sales in Thailand and the North Sea worth nearly $5 billion, marking important milestones in the oil giant’s move to offload $30 billion in assets.
A major crude oil pipeline owned by Enterprise Products Partners and Enbridge Inc. remained shut Tuesday after road construction crews ruptured it northeast of Dallas, causing a gusher that sprayed oil all over a highway.
House lawmakers are poised to approve legislation this week aimed at quashing a rule requiring energy companies to disclose payments they make to governments for oil and gas fields, a nod to industry groups that have spent years fighting the regulation.
Honeywell International’s organic revenue fell and profit shrank in the fourth quarter as the conglomerate coped with declines in its aerospace business and supply-chain delays in its safety-systems businesses.
Analysts are raising their oil price forecasts for the first time in five months, as a survey of 15 investment banks predicts that Brent crude will average $56 a barrel this year.
While shale oil drillers are boldly raising annual budgets to come roaring back in Texas, New Mexico and North Dakota, international oil giants are planning to hold back spending, charting a cautious path to recovery.
After striking out with family and facing long waits with registries, kidney and liver patients make an unusually personal appeal to co-workers.
Oil futures eased on Friday, with strong drilling activity around the world, especially in the U.S., weighing on the market.