Treasury won’t grant Exxon drilling waiver for Russia
The Treasury Department will not grant Exxon Mobil Corp.’s request for a waiver allowing it to work with Russia’s state oil company on a joint drilling venture, the agency said Friday.
BP Gulf spill damage valued at $17.2 billion in new study
BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster.
Bigger, faster, more lavish: Americans crave SUVs, and carmakers oblige
Americans want bigger, faster and more luxurious sport utility vehicles — and automakers are more than happy to fulfill the booming demand.
Exxon seeks U.S. waiver to resume Russia oil venture
Exxon Mobil Corp. has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, according to people familiar with the matter.
Buckle up and take a ride on the road to fuel choice
Fuel choice is at the heart of our mission: All we’ve ever wanted is for drivers to be able to choose the fuel that’s right for their vehicles and their budgets. It’s a basic right we’ve never had, because oil has a stranglehold on the transportation fuels market in America.
Why U.S. crude oil imports are rising
Despite record high crude oil inventories in the U.S., crude oil imports have been rising.
Russia could soon control a U.S. oil company
In a crazy twist of international events, Russia’s state-owned oil company Rosneft might end up owning Citgo, a US energy company based in Houston, Texas.
Tesla just passed GM to become America’s most valuable carmaker
Elon Musk’s Tesla Inc. surpassed General Motors Co. to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.
Analyst says crude could surge nearly 20 percent within months
Get ready to open up your wallet a lot wider at the gas pump. A major Wall Street bank is reiterating its bullish call on crude oil, as the fossil fuel sits at four week highs following this week’s U.S. missile attack on Syria.
Nearly 40 percent of the oil we consume is imported
How is that possible? Let’s break it down.
