News

Kazakhstan Says It Has No Plans to Cut Oil Production in May
Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil ...
Why are oil prices falling? And what does it mean for Long Islanders?
Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...
Explosion and smoke seen from oil refinery in Tuscaloosa, Alabama: Reports
Various local news sources in Tuscaloosa, Alabama, are reporting that an explosion has left smoke billowing from a local ...
A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...
As the oil industry freezes up, ConocoPhillips CEO warns against cutting production too fast: ‘Don’t whipsaw this thing too hard right now’
The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...
Oil climbs 2% as price drop triggers buying; oversupply worries weigh
Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ ...
As oil and gas development potentially increases, dangerous incidents sometimes happen
Michigan has 14,000 regulated oil and gas facilities, and serious incidents are rare. But when they do happen, they can be ...
With Fentanyl Trade Targeted by Trump, Cartels Move to Oil Smuggling
American businesses are profiting from stolen Mexican oil, then funneling funds back to Mexico, the Treasury said.
Oil leak off Louisiana coast contained but clean up continues, Coast Guard says
After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard ...