US crude oil stockpiles rise as production hits record

Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity ...

Enbridge approves $1.4 billion project to boost Canadian oil flows to US

Canadian pipeline operator Enbridge on Friday approved $1.4 billion in expansion projects for its Mainline and Flanagan South ...

Oil Market Faces Growing Surplus as Inventories Climb, IEA Says

The oil market is becoming increasingly unbalanced with global inventories continuing to climb and an even larger surplus ...

It might not be ‘Peak Oil,’ after all. What the IEA’s new scenarios mean for oil prices.

The key international agency forecasting energy demand now says the current path will have consumption of oil and gas growing ...

White House hosts oil, biofuel talks as Trump administration nears decision on refinery waivers

The White House this week held separate meetings with oil refiners and biofuel producers as it seeks to resolve a ...

Oil and gas demand to rise for 25 years without global change of course, says IEA

Global oil and gas demand will rise for the next 25 years if the world does not change course, the International Energy ...

Preliminary findings show a fatigue crack caused a Keystone Pipeline oil spill in North Dakota

BISMARCK, N.D. (AP) — A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that ...

IEA Now Says Oil Consumption Could Keep Growing to 2050

The International Energy Agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in ...

Why any U.S. military strike on Venezuela could damage America’s fuel supply and the global oil market

A buildup of U.S. military forces in the Caribbean Sea are raising concerns about a potential strike on Venezuela, which is ...