The U.S. oil industry is recovering from its struggles in the past few weeks. The decline started after rumors about Iran providing fewer supplies emerged.
Low prices of butane and propane hindered the restocking of these LPG during the spring and the summer in Northwest Europe.
President Donald Trump is open to the possibility of selling some of America's oil reserves in order to subdue the looming global oil deficit.
As traders push for a higher oil demand, crude oil prices in Saudi Arabia could reportedly increase to as high as $100 per barrel.
India's Nayara Energy has already reduced its oil imports from Iran.
Homebuyers adapt by choosing closer neighborhoods, but upscale ones remain attractive to buyers regardless of what happens to gas prices.
The U.S. also requested some OPEC members to increase their daily output.
When Obama lifted the ban on exporting crude oil, the US wasted no time in making their own. By 2020, America might be regarded as the...
Various local companies are looking for ways to tap India's oil potential as global tension intensifies, pushing for a surge in oil prices.
People are mixed about easing up on offshore drilling safety rules. Backers say it can save money, while opposers say it may bring more disasters.