Industry groups hammered the proposal; the Independent Petroleum Association of America and the Western Energy Alliance filed a federal lawsuit in Wyoming in hopes of blocking the rules.
After dropping more than 3 percent Thursday, oil was up $1.39, or 3 percent, to $46.86 a barrel. Energy stocks rose far more than the rest of the market, with the S&P 500 Energy sector up 1.3 percent.
Dow Chemical CEO Andrew Liveris discusses why lower crude prices are a benefit for his company, and where he looks to profit outside the U.S.
"There aren’t just challenges with fracking — there are solutions being generated regularly," Strittmatter told Manufacturing.Net in a recent interview.
Refineries responding to the survey expected to increase their capacity for "very light and sweet" crude oil by more than 730,000 barrels per day from 2014 to 2016
Chevron, Exxon Mobil and Royal Dutch Shell each suspended shale exploration in Europe, Russia and China, while those companies have cut fracking spending in nations such as Hungary, Romania, Turkey and Ukraine.
Obama will sign an executive order targeting greenhouse gases at the White House.
The House Taxation Committee held a hearing on a bill Wednesday that would impose a 4.33 percent tax on ethanol products and electricity from renewable sources.
Business and petroleum groups say they want to be able to explore whether significant oil and gas reserves exist that could stabilize energy prices and help the economy overall.
Saudi Arabia hopes U.S. shale workers — many of them casualties of the ongoing downturn in crude prices — will consider the deserts of the Middle East as their new home.
Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.
The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.
New Mexico regulators are close to making a decision on what experts have called a watershed case that could influence energy policy in the state for years to come.
In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.
"While the proposed standards look promising, the TSB has concerns about the implementation timeline," the Transportation Safety Board said in a statement.
The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.
In a far corner of North Dakota, just a few hundred miles from the proposed path of the Keystone XL pipeline, 84,000 barrels of crude oil per day recently began flowing through a new line that connects the state's sprawling oilfields to an oil hub in Wyoming.
The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.
North Dakota saw eight oilfield employee deaths since October, a five-month total than exceeded the number for the previous 12-month span. October also coincided with the beginning of a decline in the number of oil rigs operating in the state.
“The rebalancing (of supply and demand) triggered by the price collapse has yet to run its course,” the agency wrote in its monthly oil market report.
According to a report in the journal Nature, Berkeley researchers modified metal composites with nitrogen compounds called diamines. The resulting molecule can bind with carbon dioxide at varying temperatures and without the presence of water.
Charges include influence peddling, inflating contract prices, money laundering and generally skimming off millions of dollars in bribes.
The massive oil storage complex at Cushing is nearing its operational capacity as oil inventories nationwide continue to rise.
The Black Thunder mine has a fleet of 148 haul trucks, according to Arch Coal. It is one of the most productive mines in the world and has held the title of biggest in the world in the past.
In a case with potentially far-reaching consequences, a federal appeals court has again found that the U.S. Chemical Safety Board has the authority to investigate offshore oil spills.