Oil Prices Fall on Concern That U.S. and Russia Could Increase Output
Oil prices fell Monday on the possibility the U.S. and Russia-two of the world's top oil producers-will increase output and beef up recently tight global supplies.
South Korea's Hyundai Heavy Sells Oil Stake to Saudi Aramco for $1.2 Billion
South Korea's Hyundai Heavy Industries Holdings, the parent company of the world's largest shipbuilder, said it signed a $1.2 billion deal to sell a stake in its oil-refining unit to Saudi Aramco.
OPEC Has a New Best Friend: Russia
Vladimir Putin has helped resolve conflicts within the oil cartel by wielding Russia's power as a major oil producer. That has given the country considerable influence over the direction of the world's $1.7 trillion crude-oil market, and more power in the Middle East.
Homegrown Energy Can't Tame U.S. Pump Prices
A sharp increase in prices in California has revived the debate about ethanol requirements in gasoline. U.S. energy dominance doesn't mean cheaper fuel.
Investors Handed an Oilman a 'Blank Check' Company. Here's How It Turned Out.
Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money is teetering on financial ruin.
U.S. Destroyer Hunts for North Korean Oil Smugglers
Powered by four engines similar to those used in Boeing 747s, the destroyer USS Milius raced to a site in the East China Sea where vessels were suspected to be secretly shifting oil to a tanker bound for North Korea.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Chevron to Buy Anadarko Petroleum in $33 Billion Deal
Chevron is acquiring independent exploration company Anadarko in a $33 billion deal, as it looks to strengthen its position in large shale projects, as well as deep-water and natural gas resource basins.
U.S. Oil Rig Count Rises Second Straight Week
The number of rigs drilling for oil in the U.S. rose by two in the past week to 833, according to oil-field services company Baker Hughes.
Petrobras Shares Hit on Signs Government Interfered With Fuel Pricing
Petrobras shares retreated on concern that the Bolsonaro administration changed course and interfered in the Brazilian oil company's pricing policy.