Oil

An intensifying Hurricane Laura over the Gulf of Mexico is threatening the center of the U.S. energy industry on Wednesday as the storm edges closer to land.

Oil production companies continue to shutdown ahead of a major hurricane approaching the Texas-Louisiana coastline. The shutdowns are approaching the number of closures during 2005's Hurricane Katrina.

California officials are determining whether to give an extension to four gas plants that were expected to shut down by 2020.

SINGAPORE - Crude oil prices were mixed on Tuesday as traders weighed massive production cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against rising coronavirus cases in Asia and Europe.

Tropical Storms Marco and Laura likely won't cause gasoline prices to surge because supply will remain mostly online, according to Andrew Lipow.

The largest oil refinery in the US, Motiva Enterprises, is preparing to shut down ahead of tropical storms Marco and Laura this week.

SINGAPORE - Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after U.S. regulators approved the use of blood plasma from recovered patients as a treatment option.

Murphy Oil Corp and BHP were evacuating some workers and Royal Dutch Shell began shutting oil and gas production

Royal Dutch Shell PLC spent billions of dollars developing one of the world's most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a new problem: How to get workers to safely start it back up.

U.S. motorists drove 244.7 billion vehicle miles in June, 36.5 billion vehicle miles fewer than the same month a year earlier, as government lockdowns to stop the spread of coronavirus kept drivers home, according to a monthly report from the U.S. Department of Transportation.

OPEC currently calls for reducing output by 7.7 million barrels per day

China is on the hunt for US crude and a lot of it.

The Department of the Interior on Monday approved an oil and gas leasing program within Alaska's Arctic National Wildlife Refuge, the sprawling home to polar bears, caribou and other wildlife.