Government, Business, Fuel

Energy Prices Spike After Saudi Oil Attack

Smoke from a fire at the Abqaiq oil processing facility Smoke from a fire at the Abqaiq oil processing facility fills the skyline Sept. 14 in Buqyaq, Saudi Arabia. (Al-Arabiya via AP)

DUBAI, United Arab Emirates — Global energy prices spiked Sept. 16 after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which President Donald Trump warned that the U.S. was “locked and loaded” to respond.

Jon Gambrell | Associated Press
September 16, 2019
Government, Business, Fuel

Oil Advances Amid Mixed Trade Dispute Signals

Oil Bloomberg News

Oil rose after four days of losses as President Donald Trump gave mixed signals on resolving the U.S.-China trade dispute.

Heesu Lee and Grant Smith | Bloomberg News
August 27, 2019
Business, Fuel

Saudi Aramco Expands With $15 Billion Stake in India’s Reliance

Mukesh Ambani Chairman of Reliance Industries Limited Mukesh Ambani. (Rajanish Kakade/AP)

NEW DELHI — Oil giant Saudi Aramco is buying 20% of Indian conglomerate Reliance Industries’ oil and chemicals business for about $15 billion.

August 12, 2019
Government, Business, Fuel

Economy Keeps Growing, Even With Rising Oil Prices

Gas delivery to convenience store Travis Hall (right) and Brandon Deese pump fuel from two tanker trucks at a convenience store in Wilmington, N.C., on Sept. 17. (Chuck Burton/AP)

DALLAS — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.

David Koenig | Associated Press
September 21, 2018
Government, Business, Fuel

Oil Climbs Above $71 as Threat of Gordon Mounts in Gulf

Lifeguard tower at Dania Beach, Fla. Lifeguard tower at Dania Beach, Fla., as Tropical Storm Gordon passes by. (David Santiago/Miami Herald via AP)

Oil gained above $71 a barrel in New York as Tropical Storm Gordon forced evacuations at fields along the U.S. Gulf Coast and threatened supply.

September 4, 2018
Government, Business, Fuel, TCA, Top 100

Oil Companies Fret as Congress Debates Russia Sanctions

Gazprom oil producing facility in the Yamal region, Russia. A Gazprom oil producing facility in the Yamal region, Russia. (Petr Shelomovskiy/AP)

WASHINGTON — Oil and gas executives have watched wearily in recent years as the relationship between the United States and Russia deteriorated, steadily closing off their ability to drill the vast shale plays underlying Siberia and the deep-water oil fields off Russia’s Arctic coast.

James Osborne | Houston Chronicle
August 3, 2018
Government, Business, Fuel

Big Oil Is Raking in Cash, So Investors Are Asking: Now What?

Oil Workers Brittany Sowacke/Bloomberg News

The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.

July 24, 2018
Business, Fuel

Oil Posts Weekly Decline as US Drillers Resume Expansion

oil prices Jim Gehrz/Minneapolis Star Tribune/MCT

Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

Meenal Vamburkar | Bloomberg News
July 7, 2017
Business, Fuel

Quick Take: Oil Prices May Have Further to Fall

Oil bulls got another piece of bad news March 16 from an unlikely source: the Federal Reserve.

March 17, 2015