Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist
Oil prices fell with traders weighing an emergency oil and diesel stock release, renewed attacks around the Hormuz Strait and persistent supply risks.
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Saudi Arabia Slashes Crude Prices for Asia as Exports Recover
Saudi Aramco lowered the official selling price for November shipments of its Arab Light crude to Asia by $3 a barrel to a discount of $5 a barrel to the Oman/Dubai benchmark.
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LNG's Golden Age Could Last Longer Than Expected. These Stocks Benefit Most.
Companies that export liquefied natural gas have been minting profits this year.
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Ithaca Energy to Buy Offshore Canada Oil Assets for Up to $1.1 Billion
The company said the deal adds scale and diversification in an operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.
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These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.
The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston.
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Oil Was Pouring Out of Hormuz Again. Then Attacks on Ships Resurged.
Iran's targeting of ships has improved, according to a U.S. official, making transits through the Strait of Hormuz riskier.
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OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions
Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook uncertain.
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How Supreme Court Battles Involving Apple, Exxon, and Intel Could Hit Your Portfolio
The court will begin hearing oral arguments on Monday.
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Africa's Richest Man Wants to Turn a Pristine Coastline Into an Oil Hub
The billionaire is laying the groundwork for a $15 billion refinery across the bay from the 700-year-old Swahili trading port.
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Truckers Are Using Every Trick They Can to Survive Soaring Diesel Prices
A day at a truck stop in Texas shows an industry essential to the U.S. economy under tremendous pressure.
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G-7 Agrees to Release 100 Million Barrels of Diesel and Crude
The announcement would seem to end the threat of a U.S. ban on diesel exports, at least for now.
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Why Have Diesel Prices Soared, and What Can Be Done to Bring Them Down?
Wars in the Middle East and Ukraine have blocked shipments from regions that normally supply almost a third of the world's diesel exports.