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.

Faced with a looming fuel crunch, some worry the state will push aside its efforts to combat climate change to keep gasoline flowing.

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.

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.

U.S. crude oil inventories rose by 3 million barrels last week as domestic production and imports increased.

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

Global stocks were flat but still traded near record highs on Friday as U.S. President Donald Trump and his Russian counterpart Vladimir Putin held high-stakes talks in Alaska over Ukraine.

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