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...
Iran developed its national steel industry development program in 2015, with the goal of increasing its capacity to 55 million metric tons by 2025.
Experts believe this is the year the U.S. oil output will replace the record reached in 1970.
Forecasts point to a strong year for the oil and gas industry, although it would not be smooth sailing.
Saudi Arabia's mega-city project hopes to be an alternative booster to its oil-dependent economy.
The crude oil prices are not expected for now thanks to the tensions in Iraq and decreased number of active oil rigs.
The price of oil remains steady but a looming Fed meeting can affects its future price.
The OPEC may have thought the cuts extension will bring oil prices up but they may not have expected the weight of American oil production output.
OPEC wanted to cut production because oil prices had remained stubbornly low, which cut revenue. But when members sell fewer barrels of oil, they obviously limit...
Oil prices jumped roughly $5.00 following initial reports of the agreement and have spent the past few weeks consolidating in a relatively tight range from roughly...