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Crude Oil - Oil Gains After Report of Surprise Drop in U.S. Crude Stocks
Oil extended gains to near $39 a barrel in New York, buoyed by an industry report of a surprise drop in U.S. crude stockpiles and advances in other financial markets.The American Petroleum Institute ...
Why Kenya lost Uganda crude oil pipeline deal to Tanzania
President Magufuli said after inking the deal in his home town of Chato that the project "is very crucial for our people" ...
Oil Giants Plan for A Future With Less Crude, More Hydrogen
Indian Oil Corp., one of the biggest refiners in Asia, is taking the bus to reach what it considers the future of energy: hydrogen. The company that sells almost half the oil products in India will ...
Oil jumps as hurricane hits U.S. output while crude stocks decline
Oil prices rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased.
Crude Oil Prices Are Surging: It's Not Worth Investing In
The threat of a hurricane to America's coastal refineries has oil prices surging on the threat to fuel supplies. But this temporary boost can't fix the structural problems American oil companies face.