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Ten American sailors are missing and five injured after the guided-missile destroyer USS John S McCain was damaged in a collision with an oil tanker off the coast of Singapore. The US navy said the warship had “sustained damage to her port side aft” in ... ... lees verder

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WTI finished the week lower by 0.33%. Global crude storage set to fall further as the upcoming refinery turnaround season will be lower than the year before. OPEC export decrease observed in August will hit global storage in October. What the oil bulls ... ... lees verder

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NEW DELHI/MUMBAI, Aug 20 (Reuters) - A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the ... ... lees verder

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From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms—many backed by private equity—are forgoing expensive shale drilling projects and opting for old-school wells instead. As crude prices ... ... lees verder

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Battery power may have seemed like the future of the automotive sector when William Morrison, a Scottish inventor, debuted his electric car prototype at a parade in Des Moines, Iowa, in 1888. At the time, the gasoline-powered vehicles entering the market ... ... lees verder

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EOG Resources (NYSE:EOG) recently reported decent second-quarter results. While it didn't earn as much money as analysts expected due in part to weaker oil prices, its production and costs were better than anticipated, which demonstrated the strength of ... ... lees verder

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Last year, 'Energy' was the strongest S&P sector performer with a market-thumping 24% return. In particular, November's historic OPEC-led production cut deal to alleviate a supple glut managed to buoy oil prices and stabilize them around the ... ... lees verder

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Since the beginning, President Donald Trump promised that stripping regulations on oil companies would drive employment. “We’re bringing back jobs big league,” he said. But, after six months of regulatory rollback, Trump has done almost nothing that ... ... lees verder