Oil

U.S. crude prices rose more than 1%, but remained near 12-year lows on the prospect of Iran unleashing its oil on an oversupplied market.

Global oil prices gave up strong gains on Wednesday after a weekly stockpile data from the Energy Information Administration.

Add solar energy investors to the list of those smarting from crude oil's latest price dive.

U.S. crude prices rose 2% as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures.

During an interview on the FOX Business Network’s Varney & Co., former Shell (NYSE:RDSA) Oil President John Hofmeister spoke about factors impacting the outlook for oil prices.

British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.

U.S. crude oil fell more than 1%, with analysts scrambling to cut their price forecasts and traders betting on further declines.

Oil Boom: Rail shipments of crude oil and petroleum products continue to climb, as pipelines play catch-up to soaring domestic production.

Lifting the ban on oil exports would serve as a credit boost for much of the industry, according to a new report from Standard & Poor’s.

Despite warnings from Schlumberger, analysts don't expect Western sanctions against Russia to have a wider impact on the energy industry.

With crude gushing from the Permian Basin, companies are ramping up efforts to build pipelines and better capitalize on the production surge.

The U.S. is considering scaling back regulations that effectively ban the export of crude oil, according to Energy Secretary Ernest Moniz.

The Department of Energy announced the creation of a gasoline reserve in the Northeast, hoping to ease supply disruptions like the shortage following Hurricane Sandy in 2012.

Five states and the Gulf of Mexico accounted for more than 80% of U.S. oil production in 2013, the Energy Dept. said.

Crude Revolution: The U.S. shale oil boom has lifted the nation’s oil production above 10% of total world output, according to the EIA.