Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

A concentrated effort of oil rigs are targeting this same formation. In part due to the state's smaller population, North Dakota's total energy consumption is one of the lowest in the U.S. However ...

Synthetic oil used to be something only performance cars needed, but not anymore. Now it’s the manufacturer-recommended engine lubricant in many mainstream vehicles, such as the Subaru Forester ...

In contrast, oil stocks were some of the few shining stars during the bear market of 2022. In fact, energy was the only sector to post a gain that year. This year? Not so much. Of the 23 energy ...

In a dusty swath of sagebrush country near the Texas-New Mexico border, engineers at oil producer Matador Resources Co. encountered a problem. Conventional wisdom called for drilling four wells ...

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By opening up additional export capacity for Canadian crude, the Trans Mountain pipeline expansion has served to boost prices for Canadian heavy oil. Neveu said as a result, demand for Precision’s ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling by two in October, energy services firm Baker Hughes said in its closely followed report on ...

Shortly after the Mopane-1X well showed preliminary signs of hydrocarbon presence, the Portuguese player disclosed a significant discovery of light oil in reservoir-bearing sands of high quality at ...