The EIA's recent short-term outlook for oil prices forecast a slide in oil prices potentially leading to lower rig counts and more job losses.

Texas oilman Solomon Brachman, a founding member of the Fort Worth Petroleum Club, entered the oil business in an unlikely place — Marietta, Ohio, a county seat near the confluence of Ohio, West Virginia and Pennsylvania. In that tri-state region, drillers at the turn of the 20th century produced several hundred barrels of shallow oil a day.

Oil (CL=F, BZ=F) prices are in focus as President Trump is set to meet with Russian President Vladimir Putin on Friday. The Energy Word founder Daniel Dicker joins Market Catalysts with Julie Hyman to discuss what he expects from the meeting and how oil supply could be impacted.

US President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil, citing progress he said was made with Vladimir Putin toward ending the war in Ukraine.

Venezuelan President Nicolás Maduro has intensified rhetoric over a territorial claim to the Essequibo, which makes up more than 60% of Guyana's territory

IndianOil's Panipat refinery wins certification to produce sustainable aviation fuel from used cooking oil, reducing emissions in air transportation.

Cooking oil is often discarded after being used for frying at home or in restaurants. However, a refinery of IndianOil has now won a certification to use the same oil to produce sustainable aviation fuel (SAF),

The oil leak began after about 30 trains cars derailed from a CKPC train, the company formerly known as Canadian Pacific Railroad.