News

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a ...
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 ...
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 ...
OPEC April oil output edges lower despite plans for hike, survey finds
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
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.
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 ...
Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.
Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
Gulf of Maine may be impacted by Trump’s offshore oil and gas drilling expansion
This story was originally published by The Maine Monitor, a nonprofit and nonpartisan news organization. To get regular ...
Oil well spews thousands of gallons into Louisiana marsh, clean up underway: See aftermath
An oil leak caused by an over 8-year-old-well spewed into a Louisiana marshland for a week. Responders are now beginning the ...
Home heating oil and fuel prices drop to 2021 levels
The price of home heating oil and fuel in Northern Ireland is at its lowest level since 2021, and the advice is to buy now – ...
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 ...
Why the Peak Shale Oil Predictions May Be Premature — Again
If there’s a lesson to be learned from the past two decades, it’s that no one should write off the growth prospects of the US ...