AP Explains: What a Venezuelan oil embargo could mean for US

NEW YORK (AP) — Diplomatic relations between U.S. and Venezuela have hit a new low over President Donald Trump's decision to recognize the leader of the South American country's opposition as its legi...

Energy agency: Global oil supply jumps, sending prices lower

FRANKFURT, Germany (AP) — The International Energy Agency says global oil supplies are growing rapidly as Saudi Arabia, the United States and Russia pump oil at a record rate in response to the higher...

West Texas an 'extraction colony' as oil, gas exports surge

MIDLAND, Texas (AP) — Drilling booms have come and gone in this oil town for nearly a century. But the frenzy gripping it now is different. Overwhelming. Drilling rigs tower over suburban backyards. T...

Business Highlights

___ China says Washington asks to resume talks on tariff fight BEIJING (AP) — China's government says Washington has asked to resume negotiations on their worsening...

Global oil production hits a new record, led by US and OPEC

The world's supply of oil hit a record last month, yet another sign of oil's dominance over the energy landscape. The International Energy Agency said Thursday that the global oil su...

US expected to become world's top oil producer next year

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades. The latest forecast...

US soon to leapfrog Saudis, Russia as top oil producer

The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world's biggest oil producer. The latest data released by the Energy Information Administration shows U.S. ...

Oil and Gas Upstream Equipment Market to Benefit from the Increase in Oil Rig Count | Technavio

LONDON--(BUSINESS WIRE)--May 12, 2018-- projects the to post a CAGR of over 3% during the forecast period. The increase in oil rig count is a key driver which is expected to impact market growth. Wit...

Solar PV Systems Market in Asia - Focus on Self-Consumption to Encourage Growth | Technavio

LONDON--(BUSINESS WIRE)--May 6, 2018-- market research analysts forecast the to grow at a CAGR of over 10% during the period 2018-2022, according to their latest report. This press ...

Report: Coal's tipping point near, but climate goals are not

BILLINGS, Mont. (AP) — Declines in coal power plant construction in China, India and the U.S. are projected to push the heavily-polluting fuel over the edge— but not fast enough to meet international ...

US oil expected to meet most of world's growth in demand

HOUSTON (AP) — A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years. The International ...

US oil output surge 'reminiscent' of run-up to 2014 crash

PARIS (AP) — A leading energy watchdog says that the boom in U.S. oil production is reminiscent of the rise in output that eventually led to the 2014 crash in crude prices. The Inter...

Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast ...

US stock indexes mixed in early trading; oil prices slide

The major U.S. stock indexes were mixed in early trading Friday as gains by banks and consumer-focused companies outweighed losses in energy and other sectors. The price of oil fell on a report saying...

US oil output is booming and seen outpacing Saudis, Russia

PARIS (AP) — A global energy agency says that U.S. oil production is booming and is forecast to top that of heavyweights Saudi Arabia and Russia this year. The International Energy A...