The railroad company whose train triggered a massive explosion Monday in West Virginia had spent millions lobbying against rail oversight legislation in Congress, according to a report.
The Onion has nailed it with this headline: "Lucrative New Oil Extraction Method Involves Drilling Directly Into Gas Stations."
Stephen Schork, president of The Schork Group, discusses how refinery strikes and the yearly refinery maintenance season could hit demand for crude hard, sending crude prices even lower.
An explosion devastated a section of a refinery on Wednesday morning, shaking nearby homes, raining down ash and injuring four people. Experts said the disruption to production would likely drive up gas prices in California.
The facility — a structure several stories tall — was shattered. Crews poured water onto the structure afterward, and a fire spokesman said at midday the situation was controlled.
Mexican officials said Monday that two worn-out bolts on a gas tanker truck broke, causing a leak that resulted in a hospital explosion that killed five people last month.
Gasoline prices can spike for all kinds of reasons that make skeptical drivers roll their eyes: "tension" in the Middle East, a refinery suddenly shuts down for maintenance, or the annual springtime switch to summer blends of gasoline.
Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall.
Water discharged from fracking sites in California contained levels of benzene and chromium-6 well in excess of federal standards, according to a recent report by an Arizona environmental group.
This most recent crude-by-rail disaster wasn’t quite the major catastrophe many have feared. But it got close. Real close. Which is why this latest crash should send a powerful warning to those looking to stop pipeline construction in the U.S.
Fires burned for hours after a train carrying more than 100 tankers of crude oil derailed in a snowstorm in West Virginia, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday.
A federal judge has dismissed a New Orleans-area levee authority's lawsuit charging oil and gas companies with destroying Louisiana's coastal wetlands.
Lawmakers hoping to wean Washington state off coal power are trying to ease the way for the state's utilities to end the electricity it gets from coal.
The Houston company said it will lay off 6.5 to 8 percent of its staff, which represents 5,005 to 6,160 employees based on its total from the end of 2014.
Congressional leaders are delaying sending a bill authorizing the Keystone XL oil pipeline to the White House for a likely veto until after the recess break.
To win, the plaintiff will need to successfully argue that fracking wastewater disposal methods cause earthquakes, and that the energy companies engaging in the disposal are liable for damages caused by the earthquakes.
Angry protesters pelted a police headquarters with rocks on Wednesday after security forces fired on locals protesting oil and natural gas exploration in the Peruvian Amazon. At least one person was killed by gunfire and 22 wounded, hospital officials said.
The lowest oil prices in nearly six years couldn't have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades.
The House is expected to pass the bill easily Wednesday afternoon, capping weeks of debate over one of Republicans' top priorities — a bill authorizing the construction of the much-delayed pipeline. Yet support in both the Senate and House has not been enough to override a veto.
High contamination levels persist along a North Dakota creek more than a month after a massive wastewater spill was found in the state's oil patch, but levels have dropped considerably in larger rivers downstream, according to documents released by the state Tuesday.
China said its recent gas discovery in the politically volatile South China Sea could yield 100 billion cubic meters of natural gas, underlining Beijing's determination to extract resources from waters claimed by several nations. The Lingshui 17-2 gas field was discovered 150 kilometers south of China's southernmost island of Hainan...
Last week BP Chief Executive Bob Dudley weighed in on one of the most important — and heated — discussions facing manufacturers today: the direction of oil prices. Dudley announced dour confidence that crude prices would stay below $100 for a “long time.”
The deadline is part of a broad plan the state sent the U.S. Environmental Protection Agency last week for bringing state regulation of oil and gas operations back into compliance with federal safe-drinking water requirements. State authorities made the plan public Monday.
Protesters against Algeria's plans to exploit its massive shale gas reserves said Monday they will carry their demonstrations to the actual desert drilling sites after the state oil company said exploration would continue. Since the beginning of the year, there have been demonstrations across Algeria...
At least 6,000 protesters marched through Haiti's capital Saturday to demand lower gas prices and the ouster of President Michel Martelly. The protest in Port-au-Prince remained peaceful overall although police briefly threw tear gas and dispersed a crowd that had thrown trash and tires in the street to block traffic.