A new platform recently arrived in Cuba’s offshore area for a new oil exploration project.
Honduras partners with BG Group on an oil and gas exploration program in the Honduran area that is potentially rich in hydrocarbons.
Drivers in Tulsa welcomed a pre-Christmas surprise at the pump as prices in the area are already below $3.
France-based oil giant, Total S.A., keeps on achieving success in its oil drilling and oil exploration activities.
Brent dropped below $109 on weak eurozone retail data and the poor U.S. job numbers and an increase in the stocks of refined products.
Petrobas announced that it had postponed its oil drilling plans in New Zealand’s off coast.
The city of Natchez is set to request a delay of the hearing for the possible approval of oil exploration in Arlington.
Perth-based Woodside Petroleum ruled out oil and gas exploration in East Africa and will focus instead in less expensive countries like Myanmar.
Current crude oil prices fall with new economic strains caused by France’s ratings downgrade and worries on Middle Eastern supplies due to Gaza-Israel tensions.
The current gasoline price average in the United States reflects a drop in the last two weeks according to the latest Lundberg Survey.
Afren plans to drill and explore for oil in 13 blocks located in East Africa in the next 18 to 24 months.
The current price of oil move higher than $85 with the on-going volatility after the election.
The current price of oil reflects a slight increase before the elections in the US and a threatening power change in China.
The lower prices of gasoline today may start to increase because of Hurricane Sandy.
The prices of gasoline nationwide are falling, a good thing prior to the highly travelled thanksgiving holiday.
The chief executive of New Zealand’s oil industry says that public consent should not be required for oil exploration in its Exclusive Economic Zone.
Analysts say that the mixed prices in the current crude oil prices are due to positive economic data along with weak world demand projections.
The warning of the World Bank of Asia’s further slowdown pulled the current price of oil lower to its lowest settlement in two months.
Royal Dutch Shell Plc starts drilling in its Beaufort Sea prospect in Northern Alaska.
Gasoline in the Syracuse area and in other metropolitan areas in New York is increasing. But, that may already end soon.
The expected price increases in gasoline after the Aug 6 fire at Chevron’s Richmond refinery seemed to have stabilized.
The current gasoline prices are expected to drop in the last three months of the present year.
Data showing that fuel demand in China is weakening pushed the current oil prices lower.
OPEC’s secretary general said that the market has sufficient crude supplies despite fears and worries on the high oil prices today.
Royal Dutch Shell made an announcement that it is ending its offshore oil exploration this year after it destroyed an oil spill containment structure.
The current price of Brent moves closer to $117 per barrel due to the Fed Reserve’s announcement of new economic stimulus.
The Lundberg survey shows that the current gasoline price average of the United States is headed to its highest level for 2012.
The current gasoline prices for the Labor Day may be the worst for the year. But, some relief may be expected about 100 days from now.
The report from a trade journal saying that countries in the West may release strategic oil reserves led the current oil prices to decline.
Hopes from the oil market that the Federal Reserve will do something to aid the slow growth of the US economy pushes current crude prices higher.