Energy in America

Officials: 5 missing, fire out after Oklahoma rig explosion

Five people are missing after a fiery explosion ripped through an eastern Oklahoma drilling rig on Monday, sending plumes of black smoke into the air and leaving a derrick crumpled on the ground, emergency officials said.

Iraq signs rare gas deal with US firm

Iraq has signed a deal with a U.S. company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource that has been neglected for decades.

Official: Plan to exclude Florida from drilling isn't final

The Trump administration's promise to exempt Florida from an offshore drilling plan is not a formal action, an Interior Department official said Friday in a statement that Democrats said contradicted a high-profile announcement by Interior Secretary Ryan Zinke.

Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year.