Brazil’s Economic Future Dims Amid Petrobras Scandal
February 04 2015 4:10 PM EST
When the state oil company has problems, Brazil has problems.
Federal Energy Use Hits Record Low
February 04 2015 3:22 PM EST
Federally run buildings and vehicles are becoming more efficient, thanks largely to a Bush-era energy policy.
Coal's Last Hurrah
February 04 2015 12:43 PM EST
Cleaner energy sources are surging in the United States, but high-carbon coal power isn’t on the outs just yet.
Embattled Petrobras CEO Is Officially Out
February 04 2015 9:44 AM EST
The head of Brazil's scandal-ridden oil giant had offered her resignation several times. This week, President Dilma Rousseff finally accepted it.
Nationwide Refinery Strike Rolls On
February 03 2015 12:50 PM EST
With talks between the United Steelworkers and Royal Dutch Shell at a standstill, the refinery strike goes on -- and it could grow.
Oil Prices Jump As BP Cuts Capital Expenditure
February 03 2015 7:13 AM EST
Analysts say the announcements of capital expenditure cuts by major oil companies are helping support prices.
BP Beats Expectations On Surprise Russian Profit
February 03 2015 4:25 AM EST
The outperformance was due to an unexpected profit of $470 million from Rosneft which has been hit hard by Western sanctions.
Iran Sweetens Oil Contracts To Counter Sanctions And Price Plunge
February 03 2015 3:13 AM EST
Companies may also require greater persuasion to invest in Iranian fields due to low crude prices.
Oil Prices Fall After Last Week's Surge, Strike Action
February 01 2015 8:48 PM EST
The drops followed a jump back from six-year lows on Friday.
United Steelworkers Union Calls Strike In Petrochemical Industry
February 01 2015 3:42 PM EST
The walkout came at a time when crude-oil prices have been falling for months, which can be a bane for producers but a boon for refiners.
United Steelworkers Strikes At 9 US Chemical And Oil-Refining Plants
February 01 2015 7:34 AM EST
The walkouts are the first conducted in support of a nationwide collective-bargaining agreement in the industry since 1980.
Cheap Oil Slams Gas-To-Liquids Market
January 31 2015 12:43 PM EST
Energy companies are struggling to justify new multibillion-dollar projects as crude-oil prices slide below $50 per barrel.
Western Economic Sanctions Ice Russia's Arctic Drilling Plans
January 30 2015 10:37 AM EST
Russian oil giant Rosneft won't drill in the Arctic this year -- a major blow to Russia's efforts to expand its much-needed oil revenue.
Senate OKs Keystone Pipeline Bill
January 29 2015 4:50 PM EST
The Senate voted 62-36 to authorize the pipeline, which would bring Canadian oil to the U.S. It now goes to the House.
Senate Expected To Pass Keystone Bill
January 29 2015 10:21 AM EST
The Senate is expected to pass the Keystone pipeline bill Thursday, but the president has threatened a veto.
Shell Falls Short After Oil Production Income Collapses
January 29 2015 6:56 AM EST
Shell also announced a relatively modest three-year, $15 billion cut in spending to help it weather the plunge in oil prices.
North Korea May Be Restarting Nuclear Reactor
January 29 2015 2:02 AM EST
The Yongbyon reactor, which can produce plutonium for atomic bombs, is in the early stages of being restarted, according to a U.S. think tank.
The (Potential) Doom Of Cheap Oil
January 28 2015 7:54 AM EST
Could cheap oil derail the renewable energy industry? Investors seem to think so, but this isn’t exactly the 1980s all over again.
Shell Signs $11B Deal To Build Petrochemicals Plant In Iraq
January 28 2015 4:21 AM EST
A Shell spokesman told Reuters Iraq's cabinet had authorized the project on Jan 13.
Saudi Arabia Has Nothing To Do With Oil Market Imbalance: Aramco CEO
January 27 2015 3:32 AM EST
A fair oil price is what would ultimately balance supply and demand, Aramco's CEO said Tuesday.