An estimated 1 ton of oil from the Japanese ship's cargo of 4 tons has already escaped into the sea, officials said. Workers were seeking to stop more oil from leaking, but with high winds and rough seas on Sunday there were reports of new cracks to the ship's hull.
All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel.
Four more former Audi managers have been indicted on allegations of cheating on emission tests for diesel engines.
BP announced a $16.8 billion pre-tax loss and cut its dividend in half.
Former Democratic presidential candidate and former New York City Mayor Mike Bloomberg floated hiring oil and gas workers who have been laid off due to the coronavirus pandemic to help “clean up abandoned wells.”
Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak.
Apple, the maker of iPhones, has toppled the world's biggest company in value, despite the coronavirus pandemic.
The Bubba Trading Show's Todd 'Bubba' Horowitz shares his stock market picks.
Chevron on Friday reported steep losses in the second quarter.
Exxon Mobil Corp. recorded its second consecutive quarterly loss as lower oil and gas prices sapped production gains and the decimation in global travel crimped fuel demand amid the coronavirus pandemic.
GasBuddy Head of Petroleum Analysis Patrick De Haan on the price of oil remaining low amid the coronavirus pandemic.
Shell reported that adjusted profit dropped to $638 million from $3.46 billion in the same period last year
President Trump visited Texas Wednesday to tout America’s energy independence and sign four permits that will allow for the construction of pipelines and railway infrastructure on the southern border.
President Trump delivers remarks on restoring America's energy dominance, saying America will never cease to be a leader in protecting our natural environment.
Brent crude is a global benchmark for oil prices.
West Texas Intermediate crude oil is a global benchmark for oil prices.
President Trump is expected to deliver remarks on how the U.S. is achieving energy dominance by cutting regulations, simplifying permitting, and encouraging private investment in energy infrastructure.
The average U.S. price of regular-grade gasoline inched up less than penny to $2.25 per gallon
The Permian Basin, one of the leading oil-producing fields in the world, spans parts of West Texas and southeastern New Mexico and stretches 250 miles wide and 300 miles long.
Figures from the end of last year show that less than a quarter of Chevron’s U.S. executives and senior managers were female, and only 22% were from ethnic minorities.