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Demand for OPEC crude oil is declining as non-cartel producers in North America continue their growth, the cartel said in its monthly report for March.
A U.S. senator called on the U.S. Energy Information Administration to explain why gasoline prices experienced an abnormal spike this year.
Potential geopolitical crises in the Middle East are likely to have a ripple effect on the global oil sector, analysts and U.S. government officials said.
New technology used in shale formations contributed to the overall increase in U.S. oil and natural gas reserves, an energy official said.
U.S. data indicated a lower-than-expected reserve estimate from the Marcellus shale deposit though analysts downplayed the significance of the findings.
Some financial analysts say the rising tensions over Iran's nuclear program could throw a wrench into the world economy.
Cold temperatures and freezing rain could create major headaches for the energy sector in southern China, energy analysts said.
A veteran Kurdish lawmaker said the deals signed between the Kurdish and Iraqi governments with oil majors are illegal and premature.
Energy security relies not on independence, but a variety of domestic and international cooperative initiatives, a report from the National Petroleum Council sa
An American attack on Iraq could have a significant negative impact not only on the oil and financial markets, but on the entire global economy, analysts at a c
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United Press International
United Press International
United Press International
