Charles is a writer for Oilprice.com
Marathon Oil Corp on Wednesday reported a loss of almost $407 million over the first quarter, representing the first time since 2002 that the company’s…
The still raging wildfires that have taken some production offline in Canada’s oil sands region of Alberta have helped push oil prices up slightly today.…
More than 95 percent of all fuel pumped into American vehicles now contains 10 percent ethanol, according to a new report from the Energy Information…
Baghdad is still in a profound state of chaos days after protesters started withdrawing from its Green Zone, the capital’s government district, in what has…
Pakistan and Iran have signed a deal under which the former will import 75,000 tons of liquefied petroleum gas within a year, months after a…
Venezuela’s oil output in the first quarter of the year has fallen more than investors had expected, with a production level expected to remain at…
A huge fire is sweeping through Canada’s oil sands region in Fort McMurray, Alberta, already having destroyed an entire neighborhood and forcing 80,000 people to…
Massive wildfires rapidly moved in on Fort McMurray in Alberta, the jumping off point for much of Canada’s oil sands operations. The fire forced the…
The American Petroleum Institute’s (API) weekly inventory data released on Tuesday at 4:35 pm (ET) shows an inventory build of 1.265 million barrels, which is…
According to a U.S. Department of Transportation report, U.S. airlines raked in a profit of $25.6 billion last year, a 241 percent increase from 2014,…
A group of 68 lawmakers are trying to maintain the momentum of protest against Arctic oil drilling by calling on U.S. Department of Interior Secretary…
As post-sanction Iran moves forward quickly with the development of its oil and gas resources, South Korean state-owned energy giant Kogas has secured an MOU…
Major head fund manager David Einhorn of Greenlight Capital is taking a long, macro position in natural gas, expecting prices to climb further as wells…
The average price of gas is now hovering at a cost that is rather unattractive to drivers at $2.22 per gallon, according to AAA. The…
Two more oil companies have filed for Chapter 11 bankruptcy protection, as crude oil prices hover just above $45 per barrel and financial woes take…
Oil production in the United States fell to 9.129 mbpd from 9.180 mbpd in February, which equals a 0.6 percent decline, according to the data…
Natural gas prices have jumped in the aftermath of an explosion Friday in western Pennsylvania which destroyed one home, damaged at least three others and…
The blockbuster merger between the second and third largest oilfield services companies is now officially dead. On May 1, Halliburton and Baker Hughes announced the…
Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to…
It hasn’t been a great week for Big Oil. BP reported an 80 percent decline in earnings, and ExxonMobil lost its coveted AAA credit rating,…