Oil

The Russian natural gas producer snagged the top spot in a ranking of the world’s most valuable energy companies, displacing U.S. giant Exxon Mobil.

The Russian natural gas producer snagged the top spot in a ranking of the world’s most valuable energy companies, displacing U.S. giant Exxon Mobil.

Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter.

Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter.

A meeting of OPEC and non-OPEC nations on Friday to review their oil supply cut deal will discuss monitoring exports to assess compliance and will consider extending the pact beyond March.

Oil prices settled nearly flat on Thursday, the eve of a meeting of major oil-producing countries in Vienna to discuss whether they will extend production limits that have helped reduce the global crude glut.

Harold Hamm, CEO of Continental Resources, an American oil and natural gas exploration and production company, told FOX Business that the slight uptick in oil prices is due to small adjustments made in the Energy Information Administration’s (EIA) short-term energy outlook.

Harold Hamm, CEO of Continental Resources, an American oil and natural gas exploration and production company, told FOX Business that the slight uptick in oil prices is due to small adjustments made in the Energy Information Administration’s (EIA) short-term energy outlook.

Hurricanes and other natural disasters can affect the energy industry’s ability to honor contracts related to oil and natural gas production.

The Fed mostly followed an expected course at its September meeting, sending stocks higher.

Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.

Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts.

Valero Energy Corp. (VLO) reported a fire Tuesday at its Port Arthur, Texas, refinery, marking another setback for Gulf Coast refineries trying to return to normal following Hurricane Harvey.

Valero Energy Corp. (VLO) reported a fire Tuesday at its Port Arthur, Texas, refinery, marking another setback for Gulf Coast refineries trying to return to normal following Hurricane Harvey.

An expansion of Williams Partners' Transco natural gas pipeline received regulatory approvals.

Global crude oil prices slipped slightly Monday but stayed close to multimonth highs as traders braced for a potential stockpile build, expected later this week.

Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of U.S. oil refineries.

Oil prices rose on Thursday, with Brent closing at a five-month high, as the dollar weakened and after a string of reports forecast the market would tighten further as fuel demand increased.

Oil prices rose on Thursday, with Brent closing at a five-month high, as the dollar weakened and after a string of reports forecast the market would tighten further as fuel demand increased.

Demand for petroleum and other liquid fuels will continue to grow worldwide through 2040.