NEW YORK — Oil’s chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down. A day after oil futures plunged below zero for the first time, […]
PROVIDENCE, Rhode Island — The global benchmark for crude oil rose above $70 a barrel Monday for the first time in over three months amid rising tensions between Iran and the United States. The Brent contract for oil touched a […]
DUBAI, United Arab Emirates — The assault on the beating heart of Saudi Arabia’s vast oil empire follows a new and dangerous pattern that’s emerged across the Persian Gulf this summer of precise attacks that leave few obvious clues as […]
NEW YORK — U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back […]
DUBAI, United Arab Emirates (AP) — Global energy prices spiked Monday by a percentage unseen since the 1991 Gulf War after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, […]
WASHINGTON — Secretary of State Mike Pompeo said Thursday that the United States government blames Iran for attacks on two oil tankers near the Persian Gulf, casting it as the latest in a series of “provocative actions” that have sharply […]
DUBAI, United Arab Emirates — Two oil tankers near the strategic Strait of Hormuz came under a suspected attack Thursday, setting one of them ablaze in the latest mysterious assault targeting vessels in a region crucial to global energy supplies […]
DUBAI, United Arab Emirates — Murky claims of sabotage to oil tankers off the coast of the United Arab Emirates. A drone attack on a pipeline in Saudi Arabia. A U.S. aircraft carrier strike group steaming toward an unspecified threat. […]
DUBAI, United Arab Emirates — An oil pipeline that runs across Saudi Arabia was hit by drones Tuesday west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone […]
WASHINGTON — The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition. National security adviser John Bolton and […]
WASHINGTON — The Trump administration moved closer Tuesday to rolling back Obama-era rules reducing oil and gas industry leaks of methane gas, one of the most potent agents of climate change. The Environmental Protection Agency formally released its proposed substitute […]
NEW YORK — New York City sued five major oil companies, claiming they have contributed to global warming, on the same day officials announced they will sell off billions in fossil fuel investments from the city’s pension funds. Mayor Bill […]
WASHINGTON — President Donald Trump’s proposal to sell nearly half the U.S. emergency oil stockpile is renewing debate about whether the Strategic Petroleum Reserve is still needed amid an ongoing oil production boom that has seen U.S. imports drop sharply […]
WASHINGTON — Working to dismantle his predecessor’s environmental legacy, President Donald Trump plans to sign an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans. With one day left to rack up […]
SINGAPORE | Oil prices recovered slightly on Wednesday from steep slides the previous day, but traders said markets remained under pressure from signs that planned OPEC output cuts were being poorly implemented and as supplies from elsewhere rose. U.S. West Texas Intermediate […]
NEW YORK — Stocks are wavering between small gains and losses in midday trading on Wall Street Tuesday. Energy companies slumped as the price of crude oil turned lower after a four-day rally. The Dow Jones industrial average slipped after […]
NEW YORK — Another plunge in the price of crude oil sent stocks sharply lower on Wednesday. Energy companies led the way down Wednesday. Chevron fell 6 percent, the most in the Dow Jones industrial average. The price of U.S. […]
ANCHORAGE, Alaska — The latest on Royal Dutch Shell ending exploratory oil drilling in the Arctic Ocean (all times local): 4:45 p.m. An attorney for an environmental law firm is hoping that Shell’s departure from the Alaska Arctic is just […]
ANCHORAGE, Alaska — Royal Dutch Shell will stop drilling for oil and gas in Arctic waters off Alaska’s coast following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement represents a big […]
NORTH LAS VEGAS, Nevada — Hillary Rodham Clinton is voicing opposition to President Barack Obama’s authorization for oil drilling in the Alaska Arctic and his delays on Clinton, in some of the clearest signs of the Democratic front-runner distancing herself […]
WASHINGTON — Iran has entered the fight to retake a major Iraqi oil refinery from Islamic State militants, contributing small numbers of troops — including some operating artillery and other heavy weapons — in support of advancing Iraqi ground forces, […]
GOLETA, Calif. — The latest oil spill on the Santa Barbara coast is just a drop in the bucket compared with the area’s catastrophic blowout in 1969, but it has become a new rallying point for environmentalists in their battle […]
GOLETA, Calif. — An oil spill from a ruptured onshore pipeline that fouled beaches and threatened wildlife along a scenic stretch of the California coast spread across 9 miles of ocean Wednesday and officials said up to 105,000 […]
WASHINGTON – The U.S. Senate failed on Wednesday to override President Barack Obama’s veto of legislation approving the Keystone XL oil pipeline, leaving the controversial project to await an administration decision on whether to permit or deny it. The Senate […]
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